2609 S Lincoln StSpokaneWA99203
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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 2609 S Lincoln St, Spokane, WA, 99203 with 5% annual appreciation on a $499,900 basis while $3,045/mo rent supports operations. Total monthly income totals $3,045/mo and a $2,447/mo payment preserves $40/mo for cash returns. Annual cash flow comes to $477/yr on $165,717 deployed, and return on cash invested reaches 20.2% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,113 alongside rental yield of 7.31%. Five-year ROI measures 104.15% and total cumulative return in cash totals $172,596.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,045/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1939
6,098 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: Sean Ness • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls ID: #202516714