2208 W Dean AveSpokaneWA99201
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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 2208 W Dean Ave, Spokane, WA, 99201 uses $109,395 cash to close to unlock $3,546/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $2,279/mo, and a $1,615/mo payment keeps the spread at $296/mo. Purchase price stands at $330,000, and rental yield measures 8.29% with $2,279/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 120% and total cumulative return in cash records $131,279. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,279/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1901
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99201, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,500 (100%) |
| Owner Occupied HU | 2,235 (23.5%) |
| Renter Occupied HU | 6,240 (65.7%) |
| Vacant Housing Units | 1,025 (10.8%) |
| Median Home Value | $343,053 |
| Average Home Value | $389,719 |
Housing Distribution
Address Breakdown
Residential
8,094
Single Family
4,266
Multi-Family
3,828
Businesses
1,825
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Listed by: Sarah Sears • Keller Williams Spokane - Main
Mls Name: SMLS
Mls Provider:
Mls ID: #202420929
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.