213 S Bowdish RdSpokaneWA99206
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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 213 S Bowdish Rd, Spokane, WA, 99206 priced at $315,000 pairs $2,034/mo rent with $140/mo cash flow after a $1,542/mo payment. Total monthly income equals $2,034/mo, and annual cash flow comes to $1,683/yr on $104,423 invested. Return on cash invested is 21.52% in year one, and rental yield stands at 7.75% on a $315,000 basis. Equity gained on principal adds $2,033/yr, and 5% annual appreciation accumulates to $87,029 by year five. Five-year ROI measures 111.28% and total cumulative return in cash reaches $116,201. For financing, Ziffy Mortgage’s DSCR program evaluates $2,034/mo property income against a $1,542/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1907
0.44 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: Rebecca Flaherty • John L Scott, Spokane Valley
Mls Name: SMLS
Mls ID: #202527607