4604 E Birkdale LnSpokaneWA99223
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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
Rental property for sale in Spokane at 4604 E Birkdale Ln, Spokane, WA, 99223 generates $3,508/mo in rent and, after a $2,447/mo payment, leaves $503/mo in cash flow. Total monthly income is $3,508/mo, and annual cash flow is $6,032/yr on $165,750 invested. Return on cash invested sits at 23.55% in year one, and rental yield is 8.42% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 122.13% and total cumulative return in cash sums $202,424. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,508/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.30 Acres 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: Cindy Carrigan • REAL Broker LLC
Mls Name: SMLS
Mls ID: #202521330