2019 E 56th AveSpokaneWA99223
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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 2019 E 56th Ave, Spokane, WA, 99223 earns $500/mo cash flow from $3,385/mo rent with a $2,349/mo payment. Total monthly income totals $3,385/mo, and annual cash flow totals $6,000/yr on $159,120 capital. ROI tracks 23.68% on current figures, and rental yield reads 8.46% at a $480,000 purchase. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,615 over five years. Five-year ROI reaches 122.81% and total cumulative return in cash sums $195,413. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,385/mo property income instead of your personal income.
Single Family
Built in 1984
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99223, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,445 (100%) |
| Owner Occupied HU | 9,190 (59.5%) |
| Renter Occupied HU | 5,738 (37.2%) |
| Vacant Housing Units | 517 ( 3.3%) |
| Median Home Value | $545,036 |
| Average Home Value | $621,616 |
Housing Distribution
Address Breakdown
Residential
14,564
Single Family
11,355
Multi-Family
3,209
Businesses
708
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Listed by: Brynn Wilson • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202520955