2203 W 5th Ave #2ASpokaneWA99204
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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
Total monthly income runs $1,999/mo, and a $2,736/mo payment. Purchase price stands at $559,000, and rental yield measures 4.29% with $1,999/mo rent. Return on cash invested shows 11.18% in year one, and 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 55.75% and total cumulative return in cash records $102,531. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,999/mo property income covering a $2,736/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99204, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,509 (100%) |
| Owner Occupied HU | 1,067 (23.7%) |
| Renter Occupied HU | 2,908 (64.5%) |
| Vacant Housing Units | 534 (11.8%) |
| Median Home Value | $429,745 |
| Average Home Value | $469,688 |
Housing Distribution
Address Breakdown
Residential
3,985
Single Family
1,696
Multi-Family
2,289
Businesses
297
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Listed by: Erin Zasada • John L Scott, Inc.
Mls Name: SMLS
Mls ID: #202526189