209 S Morrow LnSpokaneWA99216
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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 209 S Morrow Ln, Spokane, WA, 99216 priced at $429,000 converts $2,760/mo rent into $181/mo cash flow after a $2,100/mo obligation. Total monthly income equals $2,760/mo, and annual cash flow totals $2,171/yr on $142,214 invested. Return on cash invested prints 21.44% in year one, and rental yield reads 7.72% against a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation compiles into $118,525 by year five. Five-year ROI reaches 110.79% and total cumulative return in cash sums $157,561. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $2,100/mo payment, not borrower’s personal income.
Single Family
Built in 2001
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99216, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,047 (100%) |
| Owner Occupied HU | 6,611 (47.1%) |
| Renter Occupied HU | 6,698 (47.7%) |
| Vacant Housing Units | 738 ( 5.3%) |
| Median Home Value | $429,870 |
| Average Home Value | $486,616 |
Housing Distribution
Address Breakdown
Residential
12,992
Single Family
8,075
Multi-Family
4,917
Businesses
1,059
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Listed by: Ali Pomeroy • Touchstone Real Estate Group
Mls Name: SMLS
Mls ID: #202523409