18509 E Michielli LnSpokane ValleyWA99016
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 18509 E Michielli Ln, Spokane Valley, WA, 99016 listed at $369,900 pairs $2,419/mo rent with a $1,810/mo payment to leave $196/mo cash flow. Total monthly income runs $2,419/mo, and annual cash flow reaches $2,351/yr on $122,622 cash to close. Return on cash invested measures 21.83% in year one, and rental yield registers 7.85% at a $369,900 basis. Equity gained on principal adds $2,387/yr, and annual property appreciation at 5% supports $102,197 by year five. Five-year ROI tracks 112.88% and total cumulative return in cash totals $138,418. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,419/mo property income relative to a $1,810/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
5,227 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrea Malone • Live Real Estate, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202517894
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.