2721 E Queen AveSpokaneWA99217
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
Rental property for sale in Spokane at 2721 E Queen Ave, Spokane, WA, 99217 generates $2,870/mo in rent and, after a $1,757/mo payment, leaves $712/mo in cash flow. Total monthly income is $2,870/mo, and annual cash flow is $8,545/yr on $119,009 invested. Return on cash invested sits at 27.09% in year one, and rental yield is 9.59% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 141.13% and total cumulative return in cash sums $167,959. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,870/mo property income rather than buyer’s personal income.
Single Family
Built in 1893
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99217, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,797 (100%) |
| Owner Occupied HU | 5,098 (58.0%) |
| Renter Occupied HU | 3,318 (37.7%) |
| Vacant Housing Units | 381 ( 4.3%) |
| Median Home Value | $381,940 |
| Average Home Value | $452,952 |
Housing Distribution
Address Breakdown
Residential
7,663
Single Family
7,059
Multi-Family
604
Businesses
553
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dorothy Yeaw • Heart and Homes NW Realty
Mls Name: SMLS
Mls ID: #202526541