20 W Sumner Ave APT 204SpokaneWA99204
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 20 W Sumner Ave APT 204, Spokane, WA, 99204 in Spokane at $334,900 earns $2,034/mo in rent and nets $21/mo after the $1,506/mo payment, a 7.29% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $92,527 over five years. Ziffy Mortgage underwrites this on a 1.35 DSCR without U.S. credit history. With $3,084/yr in principal paydown, total projected return reaches $128,116.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 4.2% |
| Monthly Cash Flow | $21 | $485 |
City averages based on Spokane market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,034 |
| Total Monthly Debt Service | $1,880 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99204, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,509 (100%) |
| Owner Occupied HU | 1,067 (23.7%) |
| Renter Occupied HU | 2,908 (64.5%) |
| Vacant Housing Units | 534 (11.8%) |
| Median Home Value | $429,745 |
| Average Home Value | $469,688 |
Housing Distribution
Address Breakdown
Residential
3,985
Single Family
1,696
Multi-Family
2,289
Businesses
297
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
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99204, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,509 (100%) |
| Owner Occupied HU | 1,067 (23.7%) |
| Renter Occupied HU | 2,908 (64.5%) |
| Vacant Housing Units | 534 (11.8%) |
| Median Home Value | $429,745 |
| Average Home Value | $469,688 |
Housing Distribution
Address Breakdown
Residential
3,985
Single Family
1,696
Multi-Family
2,289
Businesses
297
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Max Plese • Plese Realty LLC
Mls Name: SMLS
Mls ID: #202526827