2324 E Sanson AveSpokaneWA99217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Spokane at 2324 E Sanson Ave, Spokane, WA, 99217 priced at $250,000 converts $1,694/mo rent into $165/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,694/mo, and annual cash flow totals $1,985/yr on $82,875 invested. Return on cash invested prints 22.3% in year one, and rental yield reads 8.13% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 115.62% and total cumulative return in cash sums $95,818. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,694/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1951
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99217, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,797 (100%) |
| Owner Occupied HU | 5,098 (58.0%) |
| Renter Occupied HU | 3,318 (37.7%) |
| Vacant Housing Units | 381 ( 4.3%) |
| Median Home Value | $381,940 |
| Average Home Value | $452,952 |
Housing Distribution
Address Breakdown
Residential
7,663
Single Family
7,059
Multi-Family
604
Businesses
553
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Listed by: Lee Arnold • Keller Williams Spokane - Main
Mls Name: SMLS
Mls Provider:
Mls ID: #202516977
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 04:12:28 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#122)