3021 N Hemlock StSpokaneWA99205
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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 3021 N Hemlock St, Spokane, WA, 99205 priced at $337,400 converts $2,394/mo rent into $366/mo cash flow after a $1,651/mo obligation. Total monthly income equals $2,394/mo, and annual cash flow totals $4,395/yr on $111,848 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 8.51% against a $337,400 entry. Equity gained on principal adds $2,177/yr, while 5% annual appreciation compiles into $93,217 by year five. Five-year ROI reaches 123.71% and total cumulative return in cash sums $138,366. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $1,651/mo payment, not borrower’s personal income.
Single Family
Built in 1952
6,098 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: Jed Maclaurin • Windermere Manito, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202513767
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.