3231 W Boone Ave UNIT 103SpokaneWA99201
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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 3231 W Boone Ave UNIT 103, Spokane, WA, 99201 earns $284/mo cash flow from $1,156/mo rent with a $710/mo payment. Total monthly income totals $1,156/mo, and annual cash flow totals $3,409/yr on $48,068 capital. ROI tracks 27% on current figures, and rental yield reads 9.57% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 140.74% and total cumulative return in cash sums $67,652. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,156/mo property income instead of your personal income.
Manufactured
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99201, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,500 (100%) |
| Owner Occupied HU | 2,235 (23.5%) |
| Renter Occupied HU | 6,240 (65.7%) |
| Vacant Housing Units | 1,025 (10.8%) |
| Median Home Value | $343,053 |
| Average Home Value | $389,719 |
Housing Distribution
Address Breakdown
Residential
8,094
Single Family
4,266
Multi-Family
3,828
Businesses
1,825
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Listed by: Jeff Nelson • Windermere Liberty Lake
Mls Name: SMLS
Mls ID: #202610030