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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spokane at 2201 N Craig Rd LOT 118, Spokane, WA, 99224 uses $41,438 cash to close to unlock $2,717/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $978/mo, and a $612/mo payment keeps the spread at $226/mo. Purchase price stands at $125,000, and rental yield measures 9.39% with $978/mo rent. Return on cash invested shows 26.47% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 137.83% and total cumulative return in cash records $57,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $978/mo property income covering a $612/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 99224, Spokane, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,817 (100%) |
| Owner Occupied HU | 7,291 (61.7%) |
| Renter Occupied HU | 3,763 (31.8%) |
| Vacant Housing Units | 763 ( 6.5%) |
| Median Home Value | $565,442 |
| Average Home Value | $579,828 |
Residential
10,799
Single Family
9,405
Multi-Family
1,394
Businesses
365
Date | Event | Price |
|---|---|---|
| 2025-03-08 | Listed for sale | $125,000 |
| 2024-09-12 | Sold | $38,000 |
| 2024-09-06 | Pending sale | $50,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-12 | N/A | N/A | $33,100 | 4.42% |
| 2022-03-12 | N/A | N/A | $31,700 | 18.73% |
| 2021-03-12 | N/A | N/A | $26,700 | 5.95% |
Listed by: Crystal Delaney • eXp Realty, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202512929
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
