2623 W College AveSpokaneWA99201
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
Investment property for sale in Spokane at 2623 W College Ave, Spokane, WA, 99201 uses $101,771 cash to close to unlock $12,416/yr annual cash flow and $1,035/mo monthly cash flow. Total monthly income runs $2,914/mo, and a $1,503/mo payment keeps the spread at $1,035/mo. Purchase price stands at $307,000, and rental yield measures 11.39% with $2,914/mo rent. Return on cash invested shows 32.11% in year one, and 5% annual appreciation builds toward $84,818 over five years. Five-year ROI reaches 168.19% and total cumulative return in cash records $171,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,914/mo property income covering a $1,503/mo payment rather than investor’s personal income.
Single Family
Built in 1952
4,791 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,094
Single Family
4,266
Multi-Family
3,828
Businesses
1,825
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shelly Weiland • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls Provider:
Mls ID: #202522358
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.