2430 E Longfellow 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 2430 E Longfellow Ave, Spokane, WA, 99207 earns $491/mo cash flow from $1,814/mo rent with a $1,077/mo payment. Total monthly income totals $1,814/mo, and annual cash flow totals $5,896/yr on $72,930 capital. ROI tracks 27.99% on current figures, and rental yield reads 9.89% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 146% and total cumulative return in cash sums $106,475. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,814/mo property income instead of your personal income.
Single Family
Built in 1946
6,098 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: Nick Amorin • NextHome 365 Realty
Mls Name: SMLS
Mls ID: #202524624