3225 N Ely 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 3225 N Ely Rd, Spokane, WA, 99212 uses $107,738 cash to close to unlock $4,633/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $1,591/mo payment keeps the spread at $386/mo. Purchase price stands at $325,000, and rental yield measures 8.64% with $2,340/mo rent. Return on cash invested shows 24.21% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 125.71% and total cumulative return in cash records $135,433. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1947
10,454 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: Dani Carpenter • Professional Realty Services
Mls Name: SMLS
Mls ID: #202527974