3224 E 42nd AveSpokaneWA99223
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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 3224 E 42nd Ave, Spokane, WA, 99223 listed at $440,000 pairs $2,660/mo rent with a $2,154/mo payment to leave $10/mo cash flow. Total monthly income runs $2,660/mo, and annual cash flow reaches $123/yr on $145,860 cash to close. Return on cash invested measures 19.99% in year one, and rental yield registers 7.25% at a $440,000 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,564 by year five. Five-year ROI tracks 103.08% and total cumulative return in cash totals $150,358. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,660/mo property income relative to a $2,154/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
6,534 sqft 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: Sarah Roy • eXp Realty, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202519453
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.