2216 W Fairview AveSpokaneWA99205
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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 2216 W Fairview Ave, Spokane, WA, 99205 uses $109,395 cash to close to unlock $10,112/yr annual cash flow and $843/mo monthly cash flow. Total monthly income runs $2,857/mo, and a $1,615/mo payment keeps the spread at $843/mo. Purchase price stands at $329,999, and rental yield measures 10.39% with $2,857/mo rent. Return on cash invested shows 29.15% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 152.3% and total cumulative return in cash records $166,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,857/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1947
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99205, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,110 (100%) |
| Owner Occupied HU | 13,065 (68.4%) |
| Renter Occupied HU | 5,398 (28.2%) |
| Vacant Housing Units | 647 ( 3.4%) |
| Median Home Value | $350,276 |
| Average Home Value | $403,425 |
Housing Distribution
Address Breakdown
Residential
18,144
Single Family
17,165
Multi-Family
979
Businesses
741
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Listed by: Katie Lynett Reoch • Heritage Realty
Mls Name: SMLS
Mls Provider:
Mls ID: #202517357
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.