3018 E Olympic AveSpokaneWA99217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3018 E Olympic Ave, Spokane, WA, 99217 generates $1,444/mo in rent, after a $2,203/mo payment. Total monthly income is $1,444/mo. Return on cash invested sits at 9.76% in year one, and rental yield is 3.85% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 48.2% and total cumulative return in cash sums $71,910. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,444/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Towner • LT Real Estate
Mls Name: SMLS
Mls Provider:
Mls ID: #202513603
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.