3918 E 8th AveSpokaneWA99202
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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 3918 E 8th Ave, Spokane, WA, 99202 listed at $339,000 pairs $2,197/mo rent with a $1,659/mo payment to leave $154/mo cash flow. Total monthly income runs $2,197/mo, and annual cash flow reaches $1,842/yr on $112,379 cash to close. Return on cash invested measures 21.55% in year one, and rental yield registers 7.78% at a $339,000 basis. Equity gained on principal adds $2,188/yr, and annual property appreciation at 5% supports $93,659 by year five. Five-year ROI tracks 111.43% and total cumulative return in cash totals $125,224. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,197/mo property income relative to a $1,659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1937
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99202, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,648 (100%) |
| Owner Occupied HU | 3,704 (42.8%) |
| Renter Occupied HU | 4,322 (50.0%) |
| Vacant Housing Units | 622 ( 7.2%) |
| Median Home Value | $370,265 |
| Average Home Value | $404,692 |
Housing Distribution
Address Breakdown
Residential
8,460
Single Family
6,240
Multi-Family
2,220
Businesses
1,448
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Listed by: Caleb Spencer • eXp Realty, LLC Branch
Mls Name: SMLS
Mls Provider:
Mls ID: #202519439
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.