5516 N Fleming StreetSpokaneWA99205
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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 5516 N Fleming Street, Spokane, WA, 99205 listed at $395,000 pairs $2,478/mo rent with a $1,933/mo payment to leave $104/mo cash flow. Total monthly income runs $2,478/mo, and annual cash flow reaches $1,247/yr on $130,943 cash to close. Return on cash invested measures 20.86% in year one, and rental yield registers 7.53% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 107.7% and total cumulative return in cash totals $141,030. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,478/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
9,365 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: Shawn C. Lewis • Real Broker LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2388366
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)