2731 W Sharp 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 2731 W Sharp Ave, Spokane, WA, 99201 priced at $310,000 pairs $2,198/mo rent with $331/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,198/mo, and annual cash flow comes to $3,975/yr on $102,765 invested. Return on cash invested is 23.78% in year one, and rental yield stands at 8.51% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 123.4% and total cumulative return in cash reaches $126,811. For financing, Ziffy Mortgage’s DSCR program evaluates $2,198/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
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: Kurt Antone Burgan • Haven Real Estate Group
Mls Name: SMLS
Mls Provider:
Mls ID: #202515999
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.