2623 W Olympic AveSpokaneWA99205
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 Olympic Ave, Spokane, WA, 99205 at $334,000 posts ROI 27.26% with $678/mo cash flow from $2,686/mo rent. Total monthly income equals $2,686/mo, and annual cash flow records $8,136/yr on $110,721 to close. Return on cash invested measures 27.26% and rental yield reads 9.65% at the current $334,000. Equity gained on principal adds $2,155/yr, and 5% annual appreciation supports $92,278 by year five. Five-year ROI prints 142.05% and total cumulative return in cash totals $157,278.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,686/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1943
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99205, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,110 (100%) |
| Owner Occupied HU | 13,065 (68.4%) |
| Renter Occupied HU | 5,398 (28.2%) |
| Vacant Housing Units | 647 ( 3.4%) |
| Median Home Value | $350,276 |
| Average Home Value | $403,425 |
Housing Distribution
Address Breakdown
Residential
18,144
Single Family
17,165
Multi-Family
979
Businesses
741
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Listed by: Rozella Ehrler • Redfin
Mls Name: SMLS
Mls Provider:
Mls ID: #202516883
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-28 04:17:56 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#122)