1927 E 17th AveSpokaneWA99203
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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 at 1927 E 17th Ave, Spokane, WA, 99203 uses $200,657 cash to close to unlock $2,615/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $3,884/mo, and a $2,985/mo payment keeps the spread at $218/mo. Purchase price stands at $609,900, and rental yield measures 7.64% with $3,884/mo rent. Return on cash invested shows 21.36% in year one, and 5% annual appreciation builds toward $168,504 over five years. Five-year ROI reaches 110.37% and total cumulative return in cash records $221,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,884/mo property income covering a $2,985/mo payment rather than investor’s personal income.
Single Family
Built in 1931
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99203, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,294 (100%) |
| Owner Occupied HU | 6,839 (73.6%) |
| Renter Occupied HU | 1,973 (21.2%) |
| Vacant Housing Units | 482 ( 5.2%) |
| Median Home Value | $590,981 |
| Average Home Value | $661,266 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,170
Multi-Family
1,114
Businesses
396
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Listed by: Becky Newman • eXp Realty 4 Degrees
Mls Name: SMLS
Mls ID: #202520726