3109 N Argonne RdSpokaneWA99212
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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 3109 N Argonne Rd, Spokane, WA, 99212 offers a 7.95% rental yield on a $289,000 purchase with $1,914/mo rent. Total monthly income registers $1,914/mo, and a $1,415/mo payment leaves $176/mo available for distribution. Annual cash flow reaches $2,115/yr on $95,804 to close, and return on cash invested stands at 22.12% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 114.47% and total cumulative return in cash at $109,670. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,914/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99212, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,158 (100%) |
| Owner Occupied HU | 6,726 (66.2%) |
| Renter Occupied HU | 2,833 (27.9%) |
| Vacant Housing Units | 599 ( 5.9%) |
| Median Home Value | $411,760 |
| Average Home Value | $459,589 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
7,990
Multi-Family
1,197
Businesses
991
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Listed by: Dixie Simon • REAL Broker LLC
Mls Name: SMLS
Mls ID: #202527525