2324 E 7th AveSpokaneWA99202
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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 2324 E 7th Ave, Spokane, WA, 99202 earns from $3,097/mo rent with a $3,030/mo payment. Total monthly income totals $3,097/mo. ROI tracks 16.38% on current figures, and rental yield reads 6% at a $619,000 purchase. Equity gained on principal adds $3,994/yr, and 5% annual appreciation supports $171,018 over five years. Five-year ROI reaches 83.66% and total cumulative return in cash sums $170,377. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,097/mo property income instead of your personal income.
Multi Family
Built in 2024
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99202, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,648 (100%) |
| Owner Occupied HU | 3,704 (42.8%) |
| Renter Occupied HU | 4,322 (50.0%) |
| Vacant Housing Units | 622 ( 7.2%) |
| Median Home Value | $370,265 |
| Average Home Value | $404,692 |
Housing Distribution
Address Breakdown
Residential
8,460
Single Family
6,240
Multi-Family
2,220
Businesses
1,448
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Listed by: Ross Boatsman • R. C. Schwartz & Associates
Mls Name: SMLS
Mls ID: #202523822