503 N Shamrock RdSpokane ValleyWA99037
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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 Valley at 503 N Shamrock Rd, Spokane Valley, WA, 99037 priced at $495,000 converts $2,410/mo rent into after a $2,423/mo obligation. Total monthly income equals $2,410/mo. Return on cash invested prints 15.28% in year one, and rental yield reads 5.84% against a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,759 by year five. Five-year ROI reaches 77.95% and total cumulative return in cash sums $127,918. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $2,423/mo payment, not borrower’s personal income.
Single Family
Built in 2016
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99037, Veradale, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,321 (100%) |
| Owner Occupied HU | 4,125 (56.3%) |
| Renter Occupied HU | 2,982 (40.7%) |
| Vacant Housing Units | 214 ( 2.9%) |
| Median Home Value | $526,688 |
| Average Home Value | $563,407 |
Housing Distribution
Address Breakdown
Residential
6,914
Single Family
5,618
Multi-Family
1,296
Businesses
565
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Listed by: Angela Navejas • Windermere Liberty Lake
Mls Name: SMLS
Mls Provider:
Mls ID: #202519167
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.