3922 N Elgin StSpokaneWA99205
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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
Rental property for sale in Spokane at 3922 N Elgin St, Spokane, WA, 99205 generates $2,830/mo in rent and, after a $1,787/mo payment, leaves $615/mo in cash flow. Total monthly income is $2,830/mo, and annual cash flow is $7,379/yr on $121,031 invested. Return on cash invested sits at 26.01% in year one, and rental yield is 9.3% on a $365,100 entry. Equity gained on principal adds $2,356/yr, while 5% annual appreciation builds toward $100,870 over five years. Five-year ROI reaches 135.37% and total cumulative return in cash sums $163,839. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,830/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99205, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,110 (100%) |
| Owner Occupied HU | 13,065 (68.4%) |
| Renter Occupied HU | 5,398 (28.2%) |
| Vacant Housing Units | 647 ( 3.4%) |
| Median Home Value | $350,276 |
| Average Home Value | $403,425 |
Housing Distribution
Address Breakdown
Residential
18,144
Single Family
17,165
Multi-Family
979
Businesses
741
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