2008 E Boone AveSpokaneWA99202
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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
Rental property for sale in Spokane at 2008 E Boone Ave, Spokane, WA, 99202 generates $1,894/mo in rent and, after a $1,346/mo payment, leaves $241/mo in cash flow. Total monthly income is $1,894/mo, and annual cash flow is $2,891/yr on $91,163 invested. Return on cash invested sits at 23.08% in year one, and rental yield is 8.26% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 119.6% and total cumulative return in cash sums $109,031. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,894/mo property income rather than buyer’s personal income.
Single Family
Built in 1909
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99202, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,648 (100%) |
| Owner Occupied HU | 3,704 (42.8%) |
| Renter Occupied HU | 4,322 (50.0%) |
| Vacant Housing Units | 622 ( 7.2%) |
| Median Home Value | $370,265 |
| Average Home Value | $404,692 |
Housing Distribution
Address Breakdown
Residential
8,460
Single Family
6,240
Multi-Family
2,220
Businesses
1,448
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Listed by: Marie Pence • Windermere North
Mls Name: SMLS
Mls ID: #202525950