4540 E North Glenngrae 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 4540 E North Glenngrae Ln, Spokane, WA, 99223 priced at $659,000 pairs $3,360/mo rent with after a $3,225/mo payment. Total monthly income equals $3,360/mo. Return on cash invested is 16.73% in year one, and rental yield stands at 6.12% on a $659,000 basis. Equity gained on principal adds $4,252/yr, and 5% annual appreciation accumulates to $182,070 by year five. Five-year ROI measures 85.57% and total cumulative return in cash reaches $185,515. For financing, Ziffy Mortgage’s DSCR program evaluates $3,360/mo property income against a $3,225/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
10,018 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: John Leland • Upward Advisors
Mls Name: SMLS
Mls ID: #202521609