5819 S Sherri Lea RdSpokaneWA99224
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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
Rental property for sale in Spokane at 5819 S Sherri Lea Rd, Spokane, WA, 99224 offers $2,710/mo rent that, after a $2,056/mo payment, leaves $185/mo cash flow. Total monthly income is $2,710/mo, and annual cash flow is $2,220/yr on $139,227 cash. Return on cash invested measures 21.5% in year one, and rental yield stands at 7.74% at a $419,990 entry. Equity gained on principal adds $2,710/yr while 5% annual appreciation compounds into $116,035 by year five. Five-year ROI records 111.2% and total cumulative return in cash reaches $154,816. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,710/mo property income versus a $2,056/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99224, Spokane, WA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,799
Single Family
9,405
Multi-Family
1,394
Businesses
365
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Listed by: Chase Baxter • eXp Realty 4 Degrees
Mls Name: SMLS
Mls ID: #202610508