426 E Olympic 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
Investment property for sale in Spokane at 426 E Olympic Ave, Spokane, WA, 99207 with 5% annual appreciation on a $270,000 basis while $1,843/mo rent supports operations. Total monthly income totals $1,843/mo and a $1,322/mo payment preserves $220/mo for cash returns. Annual cash flow comes to $2,634/yr on $89,505 deployed, and return on cash invested reaches 22.85% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,596 alongside rental yield of 8.19%. Five-year ROI measures 118.41% and total cumulative return in cash totals $105,985.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,843/mo property income versus a $1,322/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1921
6,098 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: Robert Bond • The Experience Northwest
Mls Name: SMLS
Mls ID: #202526575