2227 E Empire AveSpokaneWA99207
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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 2227 E Empire Ave, Spokane, WA, 99207 priced at $244,000 pairs $1,645/mo rent with $179/mo cash flow after a $1,194/mo payment. Total monthly income equals $1,645/mo, and annual cash flow comes to $2,142/yr on $80,886 invested. Return on cash invested is 22.56% in year one, and rental yield stands at 8.09% on a $244,000 basis. Equity gained on principal adds $1,574/yr, and 5% annual appreciation accumulates to $67,413 by year five. Five-year ROI measures 116.84% and total cumulative return in cash reaches $94,510. For financing, Ziffy Mortgage’s DSCR program evaluates $1,645/mo property income against a $1,194/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1909
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99207, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,587 (100%) |
| Owner Occupied HU | 6,966 (51.3%) |
| Renter Occupied HU | 5,911 (43.5%) |
| Vacant Housing Units | 710 ( 5.2%) |
| Median Home Value | $282,607 |
| Average Home Value | $343,885 |
Housing Distribution
Address Breakdown
Residential
12,625
Single Family
10,853
Multi-Family
1,772
Businesses
932
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Listed by: Christina Wyatt • Engel & Volkers Western Frontier
Mls Name: SMLS
Mls Provider:
Mls ID: #202515616
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.