516 W Providence AveSpokaneWA99205
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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 516 W Providence Ave, Spokane, WA, 99205 with 5% annual appreciation on a $350,000 basis while $2,692/mo rent supports operations. Total monthly income totals $2,692/mo and a $1,713/mo payment preserves $588/mo for cash returns. Annual cash flow comes to $7,058/yr on $116,025 deployed, and return on cash invested reaches 25.99% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 9.23%. Five-year ROI measures 135.26% and total cumulative return in cash totals $156,938.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,692/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1909
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99205, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,110 (100%) |
| Owner Occupied HU | 13,065 (68.4%) |
| Renter Occupied HU | 5,398 (28.2%) |
| Vacant Housing Units | 647 ( 3.4%) |
| Median Home Value | $350,276 |
| Average Home Value | $403,425 |
Housing Distribution
Address Breakdown
Residential
18,144
Single Family
17,165
Multi-Family
979
Businesses
741
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Listed by: Bekah Lindsey • First Look Real Estate
Mls Name: SMLS
Mls ID: #202522168