3708 E 28th 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 3708 E 28th Ave, Spokane, WA, 99223 uses $66,267 cash to close to unlock $8,841/yr annual cash flow and $737/mo monthly cash flow. Total monthly income runs $1,938/mo, and a $978/mo payment keeps the spread at $737/mo. Purchase price stands at $199,900, and rental yield measures 11.63% with $1,938/mo rent. Return on cash invested shows 33.25% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 174.17% and total cumulative return in cash records $115,417. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,938/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1910
0.26 Acres 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: Jonathan Bich • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls ID: #202527321