2108 S Balfour BlvdSpokaneWA99206
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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 2108 S Balfour Blvd, Spokane, WA, 99206 offers $3,112/mo rent that, after a $2,276/mo payment, leaves $317/mo cash flow. Total monthly income is $3,112/mo, and annual cash flow is $3,801/yr on $154,148 cash. Return on cash invested measures 22.37% in year one, and rental yield stands at 8.03% at a $465,000 entry. Equity gained on principal adds $3,001/yr while 5% annual appreciation compounds into $128,471 by year five. Five-year ROI records 115.83% and total cumulative return in cash reaches $178,547. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,112/mo property income versus a $2,276/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99206, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,686 (100%) |
| Owner Occupied HU | 9,994 (59.9%) |
| Renter Occupied HU | 6,076 (36.4%) |
| Vacant Housing Units | 616 ( 3.7%) |
| Median Home Value | $454,247 |
| Average Home Value | $495,755 |
Housing Distribution
Address Breakdown
Residential
16,396
Single Family
13,592
Multi-Family
2,804
Businesses
1,164
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Listed by: Kylene Emery • American R.E. Associates, Inc
Mls Name: SMLS
Mls ID: #202610919