3123 E 11th AveSpokaneWA99202
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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 3123 E 11th Ave, Spokane, WA, 99202 offers a 6.94% rental yield on a $414,800 purchase with $2,400/mo rent. 1% in year one. Equity gained on principal adds $2,677/yr while 5% annual appreciation supports $114,602 over five years. Portfolio math shows five-year ROI at 98.24% and total cumulative return in cash at $135,090. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $2,030/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99202, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,648 (100%) |
| Owner Occupied HU | 3,704 (42.8%) |
| Renter Occupied HU | 4,322 (50.0%) |
| Vacant Housing Units | 622 ( 7.2%) |
| Median Home Value | $370,265 |
| Average Home Value | $404,692 |
Housing Distribution
Address Breakdown
Residential
8,460
Single Family
6,240
Multi-Family
2,220
Businesses
1,448
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Listed by: Rick Richard • John L Scott, Inc.
Mls Name: SMLS
Mls ID: #202521222