2918 W Longfellow AveSpokaneWA99205
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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 2918 W Longfellow Ave, Spokane, WA, 99205 offers a 7.92% rental yield on a $279,000 purchase with $1,841/mo rent. Total monthly income registers $1,841/mo, and a $1,366/mo payment leaves $163/mo available for distribution. Annual cash flow reaches $1,961/yr on $92,489 to close, and return on cash invested stands at 22.03% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 114% and total cumulative return in cash at $105,439. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,841/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1933
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99205, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,110 (100%) |
| Owner Occupied HU | 13,065 (68.4%) |
| Renter Occupied HU | 5,398 (28.2%) |
| Vacant Housing Units | 647 ( 3.4%) |
| Median Home Value | $350,276 |
| Average Home Value | $403,425 |
Housing Distribution
Address Breakdown
Residential
18,144
Single Family
17,165
Multi-Family
979
Businesses
741
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Listed by: Pam Reilly • Realty One Group Eclipse
Mls Name: SMLS
Mls ID: #202522973