3223 S Custer LnSpokaneWA99223
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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 3223 S Custer Ln, Spokane, WA, 99223 priced at $625,000 converts $3,814/mo rent into $57/mo cash flow after a $3,059/mo obligation. Total monthly income equals $3,814/mo, and annual cash flow totals $685/yr on $205,625 invested. Return on cash invested prints 20.39% in year one, and rental yield reads 7.32% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 105.19% and total cumulative return in cash sums $216,301. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,814/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99223, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,445 (100%) |
| Owner Occupied HU | 9,190 (59.5%) |
| Renter Occupied HU | 5,738 (37.2%) |
| Vacant Housing Units | 517 ( 3.3%) |
| Median Home Value | $545,036 |
| Average Home Value | $621,616 |
Housing Distribution
Address Breakdown
Residential
14,564
Single Family
11,355
Multi-Family
3,209
Businesses
708
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Listed by: Eric Tucker • John L Scott, Inc.
Mls Name: SMLS
Mls ID: #202610992