2516 E Casper Dr #2514SpokaneWA99223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Spokane at 2516 E Casper Dr #2514, Spokane, WA, 99223 generates $1,826/mo in rent and, after a $1,463/mo payment, leaves $29/mo in cash flow. Total monthly income is $1,826/mo, and annual cash flow is $349/yr on $99,119 invested. Return on cash invested sits at 20.26% in year one, and rental yield is 7.33% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 104.54% and total cumulative return in cash sums $103,618. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,826/mo property income rather than buyer’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Stoker • RE/MAX Citibrokers
Mls Name: SMLS
Mls ID: #202610095