5609 N Monroe StSpokaneWA99205
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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 5609 N Monroe St, Spokane, WA, 99205 listed at $259,000 pairs $1,746/mo rent with a $1,268/mo payment to leave $189/mo cash flow. Total monthly income runs $1,746/mo, and annual cash flow reaches $2,265/yr on $85,859 cash to close. Return on cash invested measures 22.55% in year one, and rental yield registers 8.09% at a $259,000 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,557 by year five. Five-year ROI tracks 116.76% and total cumulative return in cash totals $100,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,746/mo property income relative to a $1,268/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
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: Jared English • Congress Realty, Inc.
Mls Name: SMLS
Mls ID: #202527752