3231 W Boone Ave UNIT 118SpokaneWA99201
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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 118, Spokane, WA, 99201 listed at $115,000 pairs $897/mo rent with a $563/mo payment. Total monthly income runs $897/mo. Return on cash invested measures 7.84% in year one, and rental yield registers 9.36% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 44.66% and total cumulative return in cash totals $17,025. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $897/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1969
N/A lot
$N/A/sqft
$588 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-07 | Listed for sale | $115,000 |
| 2025-07-01 | Listing removed | $115,000 |
| 2025-06-19 | Price change | $115,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-09 | $979.40 | N/A | $99,000 | 149.37% |
| 2023-07-09 | N/A | N/A | $39,700 | 22.15% |
| 2022-07-09 | N/A | N/A | $32,500 | 48.40% |
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Facts & Features
General Information
- Type: MobileManufactured
- Year Built: 1969
- Architectural Style: Ranch,Other
- Building Area: 1,500
- Living Area: 1,500 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Carport
Location
HOA & Fees
- HOA Fee: $588 monthly
- Association Fee: $588 monthly
- Fees & Dues: N/A
- Association Amenities: Pool, Cable TV, Deck, Patio, High Speed Internet
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Jacob Spencer • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls Provider:
Mls ID: #202520051
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.