4813 S Lapwai LnSpokaneWA99206
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 4813 S Lapwai Ln, Spokane, WA, 99206 priced at $574,500 pairs $2,834/mo rent with after a $2,812/mo payment. Total monthly income equals $2,834/mo. Return on cash invested is 15.51% in year one, and rental yield stands at 5.92% on a $574,500 basis. Equity gained on principal adds $3,707/yr, and 5% annual appreciation accumulates to $158,724 by year five. Five-year ROI measures 79.22% and total cumulative return in cash reaches $149,734. For financing, Ziffy Mortgage’s DSCR program evaluates $2,834/mo property income against a $2,812/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2015
6,969 sqft lot
$N/A/sqft
$885 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99206, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,686 (100%) |
| Owner Occupied HU | 9,994 (59.9%) |
| Renter Occupied HU | 6,076 (36.4%) |
| Vacant Housing Units | 616 ( 3.7%) |
| Median Home Value | $454,247 |
| Average Home Value | $495,755 |
Housing Distribution
Address Breakdown
Residential
16,396
Single Family
13,592
Multi-Family
2,804
Businesses
1,164
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Craig Hudkins • REAL Broker LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202519476
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.