2605 S Cherrytree LnSpokaneWA99203
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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 2605 S Cherrytree Ln, Spokane, WA, 99203 listed at $1,037,000 pairs $2,814/mo rent with a $5,076/mo payment. Total monthly income runs $2,814/mo. Return on cash invested measures 8.16% in year one, and rental yield registers 3.26% at a $1,037,000 basis. Equity gained on principal adds $6,692/yr, and annual property appreciation at 5% supports $286,504 by year five. Five-year ROI tracks 39.48% and total cumulative return in cash totals $132,664. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,814/mo property income relative to a $5,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99203, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,294 (100%) |
| Owner Occupied HU | 6,839 (73.6%) |
| Renter Occupied HU | 1,973 (21.2%) |
| Vacant Housing Units | 482 ( 5.2%) |
| Median Home Value | $590,981 |
| Average Home Value | $661,266 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,170
Multi-Family
1,114
Businesses
396
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Listed by: Jodi Person • CENTURY 21 Beutler & Associates
Mls Name: SMLS
Mls ID: #202518951