2123 E Heroy AveSpokaneWA99207
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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 2123 E Heroy Ave, Spokane, WA, 99207 generates $2,154/mo in rent and, after a $1,581/mo payment, leaves $212/mo in cash flow. Total monthly income is $2,154/mo, and annual cash flow is $2,548/yr on $107,075 invested. Return on cash invested sits at 22.29% in year one, and rental yield is 8% on a $323,000 entry. Equity gained on principal adds $2,084/yr, while 5% annual appreciation builds toward $89,239 over five years. Five-year ROI reaches 115.39% and total cumulative return in cash sums $123,549. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,154/mo property income rather than buyer’s personal income.
Single Family
Built in 1943
6,534 sqft 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: Travis Lawrence • Realty One Group Eclipse
Mls Name: SMLS
Mls ID: #202524422