417 E Queen AveSpokaneWA99207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 417 E Queen Ave, Spokane, WA, 99207 priced at $220,000 converts $1,774/mo rent into $451/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,774/mo, and annual cash flow totals $5,416/yr on $72,930 invested. Return on cash invested prints 27.34% in year one, and rental yield reads 9.68% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 142.48% and total cumulative return in cash sums $103,907. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,774/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1910
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99207, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,587 (100%) |
| Owner Occupied HU | 6,966 (51.3%) |
| Renter Occupied HU | 5,911 (43.5%) |
| Vacant Housing Units | 710 ( 5.2%) |
| Median Home Value | $282,607 |
| Average Home Value | $343,885 |
Housing Distribution
Address Breakdown
Residential
12,625
Single Family
10,853
Multi-Family
1,772
Businesses
932
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cambria Henry • Haven Real Estate Group
Mls Name: SMLS
Mls ID: #202524480