304 E Weile Ave APT 3SpokaneWA99208
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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 304 E Weile Ave APT 3, Spokane, WA, 99208 earns $426/mo cash flow from $1,508/mo rent with a $881/mo payment. Total monthly income totals $1,508/mo, and annual cash flow totals $5,112/yr on $59,670 capital. ROI tracks 28.48% on current figures, and rental yield reads 10.05% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 148.52% and total cumulative return in cash sums $88,625. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,508/mo property income instead of your personal income.
Condo
Built in 1979
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99208, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,730 (100%) |
| Owner Occupied HU | 16,287 (65.9%) |
| Renter Occupied HU | 7,535 (30.5%) |
| Vacant Housing Units | 908 ( 3.7%) |
| Median Home Value | $496,695 |
| Average Home Value | $537,982 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
18,840
Multi-Family
5,292
Businesses
584
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Listed by: Jennifer Clemens • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202526849