6015 E 6th Ave APT N2Spokane ValleyWA99212
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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 Valley at 6015 E 6th Ave APT N2, Spokane Valley, WA, 99212 generates $1,687/mo in rent and, after a $1,101/mo payment, leaves $81/mo in cash flow. Total monthly income is $1,687/mo, and annual cash flow is $967/yr on $74,588 invested. Return on cash invested sits at 21.21% in year one, and rental yield is 9% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 111.05% and total cumulative return in cash sums $82,833. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,687/mo property income rather than buyer’s personal income.
Condo
Built in 1980
3,049 sqft lot
$N/A/sqft
$223 monthly 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: Kylene Emery • American R.E. Associates, Inc
Mls Name: SMLS
Mls Provider:
Mls ID: #202517499
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.