3311 E 34th 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 3311 E 34th Ave, Spokane, WA, 99223 listed at $339,900 pairs $2,339/mo rent with a $1,664/mo payment to leave $295/mo cash flow. Total monthly income runs $2,339/mo, and annual cash flow reaches $3,545/yr on $112,677 cash to close. Return on cash invested measures 23.06% in year one, and rental yield registers 8.26% at a $339,900 basis. Equity gained on principal adds $2,193/yr, and annual property appreciation at 5% supports $93,908 by year five. Five-year ROI tracks 119.5% and total cumulative return in cash totals $134,651. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,339/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
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: Drew Williams • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202523544