4218 N Jefferson 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
Investment property for sale in Spokane at 4218 N Jefferson St, Spokane, WA, 99205 uses $99,417 cash to close to unlock $2,581/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $2,018/mo, and a $1,468/mo payment keeps the spread at $215/mo. Purchase price stands at $299,900, and rental yield measures 8.07% with $2,018/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 116.58% and total cumulative return in cash records $115,900. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,018/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1909
6,098 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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Listed by: Michelle Allen • Heart and Homes NW Realty
Mls Name: SMLS
Mls ID: #202524991