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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spokane at 5408 S Grove Rd, Spokane, WA, 99224 earns from $1,705/mo rent with a $1,664/mo payment. Total monthly income totals $1,705/mo. ROI tracks 16.23% on current figures, and rental yield reads 6.02% at a $339,900 purchase. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 over five years. Five-year ROI reaches 82.92% and total cumulative return in cash sums $93,431. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,705/mo property income instead of your personal income.
Single Family
Built in 1942
4.48 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 99224, Spokane, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,817 (100%) |
| Owner Occupied HU | 7,291 (61.7%) |
| Renter Occupied HU | 3,763 (31.8%) |
| Vacant Housing Units | 763 ( 6.5%) |
| Median Home Value | $565,442 |
| Average Home Value | $579,828 |
Residential
10,799
Single Family
9,405
Multi-Family
1,394
Businesses
365
Date | Event | Price |
|---|---|---|
| 2025-06-28 | Listed for sale | $339,900 |
| 2014-11-21 | Sold | $70,000 |
| 2014-08-21 | Listed for sale | $95,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $2939.41 | 9.41% | $297,400 | -5.20% |
| 2023-07-01 | $2686.62 | 2.68% | $313,700 | 1.22% |
| 2022-07-01 | $2616.38 | 33.95% | $309,910 | 26.57% |
Listed by: Kristi Kerkuta • REAL Broker LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202519594
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.
