2408 E Providence AveSpokaneWA99207
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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 2408 E Providence Ave, Spokane, WA, 99207 at $230,000 posts ROI 29.09% with $583/mo cash flow from $1,966/mo rent. Total monthly income equals $1,966/mo, and annual cash flow records $6,998/yr on $76,245 to close. Return on cash invested measures 29.09% and rental yield reads 10.26% at the current $230,000. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 by year five. Five-year ROI prints 151.89% and total cumulative return in cash totals $115,807.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,966/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1909
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99207, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,587 (100%) |
| Owner Occupied HU | 6,966 (51.3%) |
| Renter Occupied HU | 5,911 (43.5%) |
| Vacant Housing Units | 710 ( 5.2%) |
| Median Home Value | $282,607 |
| Average Home Value | $343,885 |
Housing Distribution
Address Breakdown
Residential
12,625
Single Family
10,853
Multi-Family
1,772
Businesses
932
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Listed by: Matthew Brunner • REAL Broker LLC
Mls Name: SMLS
Mls ID: #202522031