2417-2419 E Desmet 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 2417-2419 E Desmet Ave, Spokane, WA, 99202 listed at $482,000 pairs $3,097/mo rent with a $2,359/mo payment to leave $200/mo cash flow. Total monthly income runs $3,097/mo, and annual cash flow reaches $2,397/yr on $159,783 cash to close. Return on cash invested measures 21.41% in year one, and rental yield registers 7.71% at a $482,000 basis. Equity gained on principal adds $3,110/yr, and annual property appreciation at 5% supports $133,168 by year five. Five-year ROI tracks 110.65% and total cumulative return in cash totals $176,804. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,097/mo property income relative to a $2,359/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1999
6,969 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: Brenda Tampien • eXp Realty 4 Degrees
Mls Name: SMLS
Mls ID: #202516220