18512 E Alki AveGreenacresWA99016
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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 Greenacres at 18512 E Alki Ave, Greenacres, WA, 99016 offers a 8.65% rental yield on a $469,000 purchase with $3,380/mo rent. Total monthly income registers $3,380/mo, and a $2,296/mo payment leaves $560/mo available for distribution. Annual cash flow reaches $6,723/yr on $155,474 to close, and return on cash invested stands at 24.23% in year one. Equity gained on principal adds $3,026/yr while 5% annual appreciation supports $129,576 over five years. Portfolio math shows five-year ROI at 125.81% and total cumulative return in cash at $195,607. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,380/mo property income against a $2,296/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.44 Acres 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
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Listed by: Mimi Fisher • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202527502