6007 E 6th AveSpokaneWA99212
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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 6007 E 6th Ave, Spokane, WA, 99212 generates $1,426/mo in rent and, after a $806/mo payment, leaves $436/mo in cash flow. Total monthly income is $1,426/mo, and annual cash flow is $5,234/yr on $54,565 invested. Return on cash invested sits at 29.5% in year one, and rental yield is 10.4% on a $164,600 entry. Equity gained on principal adds $1,062/yr, while 5% annual appreciation builds toward $45,476 over five years. Five-year ROI reaches 154.13% and total cumulative return in cash sums $84,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,426/mo property income rather than buyer’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99212, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,158 (100%) |
| Owner Occupied HU | 6,726 (66.2%) |
| Renter Occupied HU | 2,833 (27.9%) |
| Vacant Housing Units | 599 ( 5.9%) |
| Median Home Value | $411,760 |
| Average Home Value | $459,589 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
7,990
Multi-Family
1,197
Businesses
991
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Listed by: N/A • N/A
Mls Name: John L Scott Real Estate
Mls ID: #202517114