4224 E Hoffman LnSpokaneWA99223
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 4224 E Hoffman Ln, Spokane, WA, 99223 priced at $1,062,500 pairs $4,459/mo rent with after a $5,200/mo payment. Total monthly income equals $4,459/mo. Return on cash invested is 12.73% in year one, and rental yield stands at 5.04% on a $1,062,500 basis. Equity gained on principal adds $6,856/yr, and 5% annual appreciation accumulates to $293,549 by year five. Five-year ROI measures 64.35% and total cumulative return in cash reaches $221,526. For financing, Ziffy Mortgage’s DSCR program evaluates $4,459/mo property income against a $5,200/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
10 Acres lot
$N/A/sqft
$1,000 annually 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: Gayle Terry • Windermere Manito, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202516770
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 04:42:44 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#122)