2515 W Dean Ave, Spokane, WA, 99201 | $118/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2515 W Dean Ave, Spokane, WA, 99201 | $118/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Spokane at 2515 W Dean Ave, Spokane, WA, 99201 uses $69,615 cash to close to unlock $1,410/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $1,028/mo payment keeps the spread at $118/mo. Purchase price stands at $210,000, and rental yield measures 7.89% with $1,380/mo rent. Return on cash invested shows 21.93% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 113.5% and total cumulative return in cash records $79,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $1,028/mo payment rather than investor’s personal income.

Single Family

Built in 1912

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Investor & Flipper Alert! Priced nearly $150K below assessed value, this rare opportunity in Northwest Spokane features two separate homes: a 1-bedroom, 1-bath main home and a 1-bedroom, 1-bath ADU; each with its own front yard. Just minutes from Kendall Yards, the Spokane River, shopping and the Centennial Trail, the location alone makes this an incredible find. The main home has a porch area and living room has a gas stove for heating the home; while the back ADU is heated by an electric stove. With some vision and a tool belt, you can transform this dual-dwelling property into a fantastic income generating or resale opportunity. Basements are entered through a hatch door on the main level of each home. First home is brick and second home is wood. Each have storage areas attached to the home. Don't miss this chance - properties like this rarely come available!

Neighborhood Data

Neighborhood data shown for ZIP Code: 99201, Spokane, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,500 (100%)
Owner Occupied HU	2,235 (23.5%)
Renter Occupied HU	6,240 (65.7%)
Vacant Housing Units	1,025 (10.8%)
Median Home Value	$343,053
Average Home Value	$389,719