2311 W 16th Ave LOT 303SpokaneWA99224
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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 303, Spokane, WA, 99224 uses $41,438 cash to close to unlock $2,969/yr annual cash flow and $247/mo monthly cash flow. Total monthly income runs $999/mo, and a $612/mo payment keeps the spread at $247/mo. Purchase price stands at $125,000, and rental yield measures 9.59% with $999/mo rent. Return on cash invested shows 27.07% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 141.1% and total cumulative return in cash records $58,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $999/mo property income covering a $612/mo payment rather than investor’s personal income.
Manufactured
Built in 1978
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: #11549375