2311 W 16th Ave LOT 68SpokaneWA99224
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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 68, Spokane, WA, 99224 uses $40,940 cash to close to unlock $2,413/yr annual cash flow and $201/mo monthly cash flow. Total monthly income runs $943/mo, and a $604/mo payment keeps the spread at $201/mo. Purchase price stands at $123,500, and rental yield measures 9.16% with $943/mo rent. Return on cash invested shows 25.8% in year one, and 5% annual appreciation builds toward $34,121 over five years. Five-year ROI reaches 134.34% and total cumulative return in cash records $54,998. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $943/mo property income covering a $604/mo payment rather than investor’s personal income.
Manufactured
Built in 1972
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: Pam Reilly • Realty One Group Eclipse
Mls Name: SMLS
Mls Provider:
Mls ID: #202517413
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.