18309 E 9th AveSpokane ValleyWA99016
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Spokane Valley at 18309 E 9th Ave, Spokane Valley, WA, 99016 uses $149,175 cash to close to unlock $3,447/yr annual cash flow and $287/mo monthly cash flow. Total monthly income runs $3,115/mo, and a $2,203/mo payment keeps the spread at $287/mo. Purchase price stands at $450,000, and rental yield measures 8.31% with $3,115/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 115.38% and total cumulative return in cash records $172,122. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,115/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.28 Acres lot
$N/A/sqft
$21 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99016, Greenacres, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,721 (100%) |
| Owner Occupied HU | 5,432 (70.4%) |
| Renter Occupied HU | 2,001 (25.9%) |
| Vacant Housing Units | 288 ( 3.7%) |
| Median Home Value | $540,005 |
| Average Home Value | $599,307 |
Housing Distribution
Address Breakdown
Residential
8,112
Single Family
7,895
Multi-Family
217
Businesses
233
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Listed by: Chase Baxter • eXp Realty 4 Degrees
Mls Name: SMLS
Mls Provider:
Mls ID: #202523284
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.