5107 E Frederick AveSpokaneWA99217
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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 5107 E Frederick Ave, Spokane, WA, 99217 listed at $332,995 pairs $2,274/mo rent with a $1,630/mo payment to leave $272/mo cash flow. Total monthly income runs $2,274/mo, and annual cash flow reaches $3,266/yr on $110,388 cash to close. Return on cash invested measures 22.87% in year one, and rental yield registers 8.19% at a $332,995 basis. Equity gained on principal adds $2,149/yr, and annual property appreciation at 5% supports $92,000 by year five. Five-year ROI tracks 118.5% and total cumulative return in cash totals $130,815. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,274/mo property income relative to a $1,630/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99217, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,797 (100%) |
| Owner Occupied HU | 5,098 (58.0%) |
| Renter Occupied HU | 3,318 (37.7%) |
| Vacant Housing Units | 381 ( 4.3%) |
| Median Home Value | $381,940 |
| Average Home Value | $452,952 |
Housing Distribution
Address Breakdown
Residential
7,663
Single Family
7,059
Multi-Family
604
Businesses
553
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Listed by: Dylan Barnufsky • D.R. Horton America's Builder
Mls Name: SMLS
Mls ID: #202525836