2311 W 16th AveSpokaneWA99224
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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, Spokane, WA, 99224 earns $184/mo cash flow from $905/mo rent with a $587/mo payment. Total monthly income totals $905/mo, and annual cash flow totals $2,209/yr on $39,763 capital. ROI tracks 25.46% on current figures, and rental yield reads 9.05% at a $119,950 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,140 over five years. Five-year ROI reaches 132.52% and total cumulative return in cash sums $52,695. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $905/mo property income instead of your personal income.
Manufactured
Built in 1977
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: Stacy Montoya • Heartwarming Homes Realty
Mls Name: SMLS
Mls ID: #202523208