28615 N Milan RdSpokaneWA99003
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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 28615 N Milan Rd, Spokane, WA, 99003 offers a 2.49% rental yield on a $829,950 purchase with $1,723/mo rent. 71% in year one. Equity gained on principal adds $5,356/yr while 5% annual appreciation supports $229,300 over five years. Portfolio math shows five-year ROI at 26.43% and total cumulative return in cash at $72,159. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,723/mo property income against a $4,062/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
3.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99003, Chattaroy, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,360 (100%) |
| Owner Occupied HU | 2,102 (89.1%) |
| Renter Occupied HU | 161 ( 6.8%) |
| Vacant Housing Units | 97 ( 4.1%) |
| Median Home Value | $555,980 |
| Average Home Value | $572,418 |
Housing Distribution
Address Breakdown
Residential
2,159
Single Family
2,159
Multi-Family
0
Businesses
107
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Listed by: Kimberly Allen • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202527280