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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spokane at 2502 E 38th Ave, Spokane, WA, 99223 listed at $685,000 pairs $2,615/mo rent with a $3,353/mo payment. Total monthly income runs $2,615/mo. Return on cash invested measures 12.06% in year one, and rental yield registers 4.58% at a $685,000 basis. Equity gained on principal adds $4,420/yr, and annual property appreciation at 5% supports $189,253 by year five. Five-year ROI tracks 60.49% and total cumulative return in cash totals $136,318. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,615/mo property income relative to a $3,353/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 99223, Spokane, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,445 (100%) |
| Owner Occupied HU | 9,190 (59.5%) |
| Renter Occupied HU | 5,738 (37.2%) |
| Vacant Housing Units | 517 ( 3.3%) |
| Median Home Value | $545,036 |
| Average Home Value | $621,616 |
Residential
14,564
Single Family
11,355
Multi-Family
3,209
Businesses
708
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jennifer Barnhart • Realty One Group Eclipse
Mls Name: SMLS
Mls ID: #202525475
