4024 E 22nd 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
Rental property for sale in Spokane at 4024 E 22nd Ave, Spokane, WA, 99223 generates $2,575/mo in rent, after a $2,200/mo payment. Total monthly income is $2,575/mo. Return on cash invested sits at 18.89% in year one, and rental yield is 6.87% on a $449,500 entry. Equity gained on principal adds $2,901/yr, while 5% annual appreciation builds toward $124,189 over five years. Five-year ROI reaches 97.15% and total cumulative return in cash sums $144,761. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,575/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
10,454 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: Erich Guenther • Guenther Management
Mls Name: SMLS
Mls ID: #202522495