2111 N Houk Rd APT 5Spokane ValleyWA99216
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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 Valley at 2111 N Houk Rd APT 5, Spokane Valley, WA, 99216 uses $65,969 cash to close to unlock $1,965/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,360/mo, and a $974/mo payment keeps the spread at $164/mo. Purchase price stands at $199,000, and rental yield measures 8.2% with $1,360/mo rent. Return on cash invested shows 22.89% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 118.61% and total cumulative return in cash records $78,246. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,360/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A 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: Brooklyn Connor • eXp Realty, LLC Branch
Mls Name: SMLS
Mls ID: #202527646