5108 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 5108 E Frederick Ave, Spokane, WA, 99217 with 5% annual appreciation on a $349,900 basis while $1,913/mo rent supports operations. 94% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,671 alongside rental yield of 6.56%. Five-year ROI measures 92.05% and total cumulative return in cash totals $106,770. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,913/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2009
7,405 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: Todd Kavanagh • Coldwell Banker Schneidmiller Realty
Mls Name: SMLS
Mls ID: #202516384