28600 N Mount Spokane Park Dr #511SpokaneWA99021
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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 28600 N Mount Spokane Park Dr #511, Spokane, WA, 99021 uses $142,214 cash to close to unlock $9,371/yr annual cash flow and $781/mo monthly cash flow. Total monthly income runs $3,360/mo, and a $2,100/mo payment keeps the spread at $781/mo. Purchase price stands at $429,000, and rental yield measures 9.4% with $3,360/mo rent. Return on cash invested shows 26.5% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 137.94% and total cumulative return in cash records $196,165. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,360/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Condo
Built in 1974
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99021, Mead, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,826 (100%) |
| Owner Occupied HU | 3,359 (87.8%) |
| Renter Occupied HU | 340 ( 8.9%) |
| Vacant Housing Units | 127 ( 3.3%) |
| Median Home Value | $488,581 |
| Average Home Value | $563,364 |
Housing Distribution
Address Breakdown
Residential
3,526
Single Family
3,526
Multi-Family
0
Businesses
249
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Listed by: Chris Patton • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202524296