28600 N Mount Spokane Park Dr #603SpokaneWA99021
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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 28600 N Mount Spokane Park Dr #603, Spokane, WA, 99021 generates $875/mo in rent, after a $538/mo payment. Total monthly income is $875/mo. Return on cash invested sits at 14.68% in year one, and rental yield is 9.55% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 79.13% and total cumulative return in cash sums $28,828. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $875/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$373 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-04 | Listed for sale | $109,900 |
| 2025-05-29 | Listing removed | $109,900 |
| 2025-03-18 | Price change | $109,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-05 | $612.96 | 12.84% | $59,840 | N/A |
| 2023-06-05 | $543.23 | 4503.64% | $59,840 | 12.19% |
| 2022-06-05 | $11.80 | N/A | $53,340 | 27.98% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1972
- Architectural Style: Contemporary
- Building Area: 207
- Living Area: 207 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Electric, Ductless
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: None
Location
HOA & Fees
- HOA Fee: $373 monthly
- Association Fee: $373 monthly
- Fees & Dues: N/A
- Association Amenities: Inground Pool, Spa/Hot Tub, Pool, Indoor Pool
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: Paved
School Information
- Elementary School: Colbert
- Middle School: Mountainside
- High School: Mt Spokane
Listed by: Ryan Gustafson • Windermere Liberty Lake
Mls Name: SMLS
Mls Provider:
Mls ID: #202518043
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.