2121 E Upriver Dr APT 16SpokaneWA99207
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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 2121 E Upriver Dr APT 16, Spokane, WA, 99207 uses $52,709 cash to close to unlock $3,557/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $1,252/mo, and a $778/mo payment keeps the spread at $296/mo. Purchase price stands at $159,000, and rental yield measures 9.45% with $1,252/mo rent. Return on cash invested shows 26.66% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 138.85% and total cumulative return in cash records $73,188. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,252/mo property income covering a $778/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99207, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,587 (100%) |
| Owner Occupied HU | 6,966 (51.3%) |
| Renter Occupied HU | 5,911 (43.5%) |
| Vacant Housing Units | 710 ( 5.2%) |
| Median Home Value | $282,607 |
| Average Home Value | $343,885 |
Housing Distribution
Address Breakdown
Residential
12,625
Single Family
10,853
Multi-Family
1,772
Businesses
932
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Listed by: William Hoss Evey • COBALT BROKERS
Mls Name: SMLS
Mls ID: #202520743