3231 W Boone Ave UNIT 704SpokaneWA99201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3231 W Boone Ave UNIT 704, Spokane, WA, 99201 generates $2,099/mo in rent and, after a $636/mo payment, leaves $1,308/mo in cash flow. Total monthly income is $2,099/mo, and annual cash flow is $15,702/yr on $43,078 invested. Return on cash invested sits at 56.36% in year one, and rental yield is 19.38% on a $129,950 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,903 over five years. Five-year ROI reaches 298.23% and total cumulative return in cash sums $128,471. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,099/mo property income rather than buyer’s personal income.
Manufactured
Built in 1983
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Hettinger • Amplify Real Estate Services
Mls Name: SMLS
Mls Provider:
Mls ID: #202526288
Disclaimer: Based on information submitted to the MLS GRID as of 2025-12-20 04:47:41 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#122)