2012 E Glass AveSpokaneWA99207
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 2012 E Glass Ave, Spokane, WA, 99207 in Spokane. At $300,000 it earns $2,035/mo in rent and distributes $213/mo to the owner after the $1,349/mo payment, a consistent 8.14% yield. DSCR 1.51 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $82,884 in value; $2,763/yr in principal paydown compounds ownership stake. Total projected return: $127,276.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 4.2% |
| Monthly Cash Flow | $213 | $485 |
City averages based on Spokane market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,035 |
| Total Monthly Debt Service | $1,703 |
| DSCR Ratio | 1.19x |
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.
Single Family
Built in 1941
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99207, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,587 (100%) |
| Owner Occupied HU | 6,966 (51.3%) |
| Renter Occupied HU | 5,911 (43.5%) |
| Vacant Housing Units | 710 ( 5.2%) |
| Median Home Value | $282,607 |
| Average Home Value | $343,885 |
Housing Distribution
Address Breakdown
Residential
12,625
Single Family
10,853
Multi-Family
1,772
Businesses
932
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
Single Family
Built in 1941
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99207, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,587 (100%) |
| Owner Occupied HU | 6,966 (51.3%) |
| Renter Occupied HU | 5,911 (43.5%) |
| Vacant Housing Units | 710 ( 5.2%) |
| Median Home Value | $282,607 |
| Average Home Value | $343,885 |
Housing Distribution
Address Breakdown
Residential
12,625
Single Family
10,853
Multi-Family
1,772
Businesses
932
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michel Pitts • RE/MAX SELECT ASSOCIATES
Mls Name: Northeast Washington AOR
Mls ID: #44560
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.