2023 E 5th Ave, Spokane, WA, 99202 | $148/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2023 E 5th Ave, Spokane, WA, 99202 | $148/mo Cash Flow | Ziffy

For Sale

Listed for sale today

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Spokane at 2023 E 5th Ave, Spokane, WA, 99202 listed at $299,000 pairs $1,945/mo rent with a $1,463/mo payment to leave $148/mo cash flow. Total monthly income runs $1,945/mo, and annual cash flow reaches $1,777/yr on $99,119 cash to close. Return on cash invested measures 21.7% in year one, and rental yield registers 7.81% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 112.26% and total cumulative return in cash totals $111,274. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,945/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1909

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Spacious, renovated, and full of charm, this 3-bedroom, 2-bath home offers a versatile layout across the main and upper levels, with additional room to expand in the basement. Cozy up by the fireplace on winter evenings while enjoying natural light from the large windows. Two separate dining areas provide flexibility for both a breakfast nook and a formal dining space. The main level features one bedroom, while two additional bedrooms upstairs offer privacy and flexible living options. The unfinished basement presents excellent potential for added bedrooms or a second living area. Enjoy a fully fenced front yard and a generously sized backyard with room for a future shop or garage. A storage shed adds even more convenience. Ideally located near freeways and shopping, this home combines comfort, space, and opportunity in a location that truly delivers.

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