519 N Bannen RdSpokaneWA99216
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 519 N Bannen Rd, Spokane, WA, 99216 in Spokane worth modelling. At $367,500 with a 7.76% gross yield, the $2,376/mo rent leaves $167/mo after the $1,653/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.44 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $101,533 by year five; $3,385/yr in principal reduction adds further equity. Total projected return: $149,789.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 4.2% |
| Monthly Cash Flow | $167 | $485 |
City averages based on Spokane market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,376 |
| Total Monthly Debt Service | $2,063 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1954
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99216, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,047 (100%) |
| Owner Occupied HU | 6,611 (47.1%) |
| Renter Occupied HU | 6,698 (47.7%) |
| Vacant Housing Units | 738 ( 5.3%) |
| Median Home Value | $429,870 |
| Average Home Value | $486,616 |
Housing Distribution
Address Breakdown
Residential
12,992
Single Family
8,075
Multi-Family
4,917
Businesses
1,059
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1954
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99216, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,047 (100%) |
| Owner Occupied HU | 6,611 (47.1%) |
| Renter Occupied HU | 6,698 (47.7%) |
| Vacant Housing Units | 738 ( 5.3%) |
| Median Home Value | $429,870 |
| Average Home Value | $486,616 |
Housing Distribution
Address Breakdown
Residential
12,992
Single Family
8,075
Multi-Family
4,917
Businesses
1,059
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kolby Schoenrock • Windermere City Group
Mls Name: SMLS
Mls Provider:
Mls ID: #202518117
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.