6011 E Joseph LnSpokaneWA99217
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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 6011 E Joseph Ln, Spokane, WA, 99217 generates $5,137/mo in rent, after a $5,629/mo payment. Total monthly income is $5,137/mo. Return on cash invested sits at 14.65% in year one, and rental yield is 5.36% on a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 74.3% and total cumulative return in cash sums $276,837. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,137/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
9.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99217, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,797 (100%) |
| Owner Occupied HU | 5,098 (58.0%) |
| Renter Occupied HU | 3,318 (37.7%) |
| Vacant Housing Units | 381 ( 4.3%) |
| Median Home Value | $381,940 |
| Average Home Value | $452,952 |
Housing Distribution
Address Breakdown
Residential
7,663
Single Family
7,059
Multi-Family
604
Businesses
553
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Listed by: Nathan Page • Coldwell Banker Schneidmiller Realty
Mls Name: SMLS
Mls ID: #202527408