2311 W 16th Ave LOT 17SpokaneWA99224
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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 2311 W 16th Ave LOT 17, Spokane, WA, 99224 offers a 17.85% rental yield on a $150,000 purchase with $2,231/mo rent. Total monthly income registers $2,231/mo, and a $734/mo payment leaves $1,330/mo available for distribution. Annual cash flow reaches $15,954/yr on $49,725 to close, and return on cash invested stands at 51.99% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 274.71% and total cumulative return in cash at $136,602. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,231/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99224, Spokane, WA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,799
Single Family
9,405
Multi-Family
1,394
Businesses
365
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Listed by: Courtney Butler • Cascade MHC
Mls Name: My State MLS
Mls ID: #11357257