2624 E Boone AveSpokaneWA99202
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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 2624 E Boone Ave, Spokane, WA, 99202 uses $97,793 cash to close to unlock $3,007/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $2,024/mo, and a $1,444/mo payment keeps the spread at $251/mo. Purchase price stands at $295,000, and rental yield measures 8.23% with $2,024/mo rent. Return on cash invested shows 22.98% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 119.12% and total cumulative return in cash records $116,486. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,024/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99202, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,648 (100%) |
| Owner Occupied HU | 3,704 (42.8%) |
| Renter Occupied HU | 4,322 (50.0%) |
| Vacant Housing Units | 622 ( 7.2%) |
| Median Home Value | $370,265 |
| Average Home Value | $404,692 |
Housing Distribution
Address Breakdown
Residential
8,460
Single Family
6,240
Multi-Family
2,220
Businesses
1,448
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Listed by: Cayce Jones • Amplify Real Estate Services
Mls Name: SMLS
Mls ID: #202519073