2311 W 16th Ave LOT 211, Spokane, WA, 99224 | $219/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2311 W 16th Ave LOT 211, Spokane, WA, 99224 | $219/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
1008 sft

10510 W Richland Rd LOT 36, Cheney, WA, 99004

3 Bed
2 Bath
1404 sft

10510 W Richland Rd LOT 28, Cheney, WA, 99004

3 Bed
2 Bath
1344 sft

4315 S Cheatham Rd TRAILER 29, Spokane, WA, 99224

1 Bed
1 Bath
- sft

13901 S Clear Lake Rd SPACE 18, Cheney, WA, 99004

Nearby investment properties with comparable prices

3 Bed
2 Bath
1344 sft

10510 W Richland Rd LOT 29, Cheney, WA, 99004

2 Bed
1 Bath
1008 sft

10510 W Richland Rd LOT 36, Cheney, WA, 99004

3 Bed
2 Bath
1404 sft

10510 W Richland Rd LOT 28, Cheney, WA, 99004

1 Bed
1 Bath
- sft

13901 S Clear Lake Rd SPACE 18, Cheney, WA, 99004

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Spokane at 2311 W 16th Ave LOT 211, Spokane, WA, 99224 offers a 9.32% rental yield on a $125,000 purchase with $971/mo rent. Total monthly income registers $971/mo, and a $612/mo payment leaves $219/mo available for distribution. Annual cash flow reaches $2,633/yr on $41,438 to close, and return on cash invested stands at 26.26% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 136.76% and total cumulative return in cash at $56,669. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $971/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2006

N/A lot

$N/A/sqft

No HOA

More details about the property

This very well maintained and updated 3 bedroom/2 bath house is a MUST SEE! It has new carpeting throughout. Open concept floor plan is great for entertaining or get togethers. The bedrooms all have large walk-in closets. Master bath has large walk-in shower. Home includes dishwasher, microwave, refrigerator, stove, washer, dryer and central air. The exterior features a small covered deck, carport, handicap ream and a shed for extra storage. Call us today to schedule your personal tour of this home and community. Showings are by appointment. WE look forward to hearing from you. Discover, Visa, Mastercard and AMEX are now accepted at this location, some restrictions apply. Contact the sales office for details. Price is subject to change without notice. Qualified buyers may receive financing thru 3rd party lenders/

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