2624 W Boone AveSpokaneWA99201
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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
Rental property for sale in Spokane at 2624 W Boone Ave, Spokane, WA, 99201 generates $3,054/mo in rent and, after a $1,713/mo payment, leaves $950/mo in cash flow. Total monthly income is $3,054/mo, and annual cash flow is $11,402/yr on $116,025 invested. Return on cash invested sits at 29.74% in year one, and rental yield is 10.47% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 155.35% and total cumulative return in cash sums $180,242. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,054/mo property income rather than buyer’s personal income.
Single Family
Built in 1901
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
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Listed by: Kylene Emery • American R.E. Associates, Inc
Mls Name: SMLS
Mls ID: #202520724