501 E Elm StSpokaneWA99218
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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
Investment property for sale in Spokane at 501 E Elm St, Spokane, WA, 99218 at $339,000 posts ROI 14.1% with from $1,494/mo rent. Total monthly income equals $1,494/mo. Return on cash invested measures 14.1% and rental yield reads 5.29% at the current $339,000. Equity gained on principal adds $2,188/yr, and 5% annual appreciation supports $93,659 by year five. Five-year ROI prints 71.48% and total cumulative return in cash totals $80,332. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,494/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1943
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99218, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,688 (100%) |
| Owner Occupied HU | 3,470 (51.9%) |
| Renter Occupied HU | 2,840 (42.5%) |
| Vacant Housing Units | 378 ( 5.7%) |
| Median Home Value | $469,794 |
| Average Home Value | $532,282 |
Housing Distribution
Address Breakdown
Residential
5,954
Single Family
4,089
Multi-Family
1,865
Businesses
671
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Listed by: Luke Mischke • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls Provider:
Mls ID: #202513220
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.