3011 E Queen AveSpokaneWA99217
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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
Total monthly income runs $1,554/mo, and a $2,203/mo payment. Purchase price stands at $450,000, and rental yield measures 4.14% with $1,554/mo rent. Return on cash invested shows 10.65% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 52.94% and total cumulative return in cash records $78,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,554/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Multi Family
Built in 1902
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99217, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,797 (100%) |
| Owner Occupied HU | 5,098 (58.0%) |
| Renter Occupied HU | 3,318 (37.7%) |
| Vacant Housing Units | 381 ( 4.3%) |
| Median Home Value | $381,940 |
| Average Home Value | $452,952 |
Housing Distribution
Address Breakdown
Residential
7,663
Single Family
7,059
Multi-Family
604
Businesses
553
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Listed by: Jim Lister • Windermere Manito, LLC
Mls Name: SMLS
Mls ID: #202526996