2605 S Cherrytree LnSpokaneWA99203
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 2605 S Cherrytree Ln, Spokane, WA, 99203 in Spokane worth study. Rental yield 3.26%. The 3.26% gross yield is below cash-flow benchmarks at $1,037,000, but 5% annual appreciation, adding $286,504 over five years, frames this as a capital growth position. Rent of $2,814/mo partially offsets the $4,663/mo payment. Ziffy Mortgage finances appreciation-play properties (0.60 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $172,392.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 4.2% |
| Monthly Cash Flow | $(3,420) | $485 |
City averages based on Spokane market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,814 |
| Total Monthly Debt Service | $5,821 |
| DSCR Ratio | 0.48x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jodi Person • CENTURY 21 Beutler & Associates
Mls Name: SMLS
Mls ID: #202518951