2406 W Rowan AveSpokaneWA99205
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2406 W Rowan Ave, Spokane, WA, 99205 in Spokane is a solid income-producing rental, 8.66% gross yield, $1,876/mo rent, $313/mo net cash flow on a $260,000 buy. DSCR 1.60 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $71,833 and $2,395/yr in principal reduction project a total cumulative return of $118,569.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 4.2% |
| Monthly Cash Flow | $313 | $485 |
City averages based on Spokane market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,876 |
| Total Monthly Debt Service | $1,459 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99205, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,110 (100%) |
| Owner Occupied HU | 13,065 (68.4%) |
| Renter Occupied HU | 5,398 (28.2%) |
| Vacant Housing Units | 647 ( 3.4%) |
| Median Home Value | $350,276 |
| Average Home Value | $403,425 |
Housing Distribution
Address Breakdown
Residential
18,144
Single Family
17,165
Multi-Family
979
Businesses
741
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
Single Family
Built in 1949
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99205, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,110 (100%) |
| Owner Occupied HU | 13,065 (68.4%) |
| Renter Occupied HU | 5,398 (28.2%) |
| Vacant Housing Units | 647 ( 3.4%) |
| Median Home Value | $350,276 |
| Average Home Value | $403,425 |
Housing Distribution
Address Breakdown
Residential
18,144
Single Family
17,165
Multi-Family
979
Businesses
741
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jon Biron • REAL Broker LLC
Mls Name: SMLS
Mls ID: #202524084