5007 S Ivy Glen 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 5007 S Ivy Glen Ln, Spokane, WA, 99223 generates $2,594/mo in rent, after a $4,405/mo payment. Total monthly income is $2,594/mo. Return on cash invested sits at 8.65% in year one, and rental yield is 3.46% on a $900,000 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 42.18% and total cumulative return in cash sums $124,896. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,594/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
4,791 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: Kathy Bixler • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls ID: #202521871