2514 E Casper Dr #2516SpokaneWA99223
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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 2514 E Casper Dr #2516, Spokane, WA, 99223 listed at $299,000 pairs $1,826/mo rent with a $1,463/mo payment to leave $29/mo cash flow. Total monthly income runs $1,826/mo, and annual cash flow reaches $349/yr on $99,119 cash to close. Return on cash invested measures 20.26% in year one, and rental yield registers 7.33% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 104.54% and total cumulative return in cash totals $103,618. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,826/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1976
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99223, Spokane, WA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,564
Single Family
11,355
Multi-Family
3,209
Businesses
708
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Listed by: Ryan Stoker • RE/MAX Citibrokers
Mls Name: SMLS
Mls ID: #202610096