2624 W 8th AveSpokaneWA99224
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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 W 8th Ave, Spokane, WA, 99224 offers a 17.79% rental yield on a $190,000 purchase with $2,816/mo rent. Total monthly income registers $2,816/mo, and a $930/mo payment leaves $1,674/mo available for distribution. Annual cash flow reaches $20,086/yr on $62,985 to close, and return on cash invested stands at 51.8% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 273.63% and total cumulative return in cash at $172,344. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,816/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99224, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,817 (100%) |
| Owner Occupied HU | 7,291 (61.7%) |
| Renter Occupied HU | 3,763 (31.8%) |
| Vacant Housing Units | 763 ( 6.5%) |
| Median Home Value | $565,442 |
| Average Home Value | $579,828 |
Housing Distribution
Address Breakdown
Residential
10,799
Single Family
9,405
Multi-Family
1,394
Businesses
365
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Listed by: Kayla Adams • Windermere Valley
Mls Name: SMLS
Mls Provider:
Mls ID: #202518124
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.