6019 E 6th Ave APT L304SpokaneWA99212
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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 6019 E 6th Ave APT L304, Spokane, WA, 99212 uses $71,273 cash to close to unlock $74/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $1,598/mo, and a $1,052/mo payment keeps the spread at $6/mo. Purchase price stands at $215,000, and rental yield measures 8.92% with $1,598/mo rent. Return on cash invested shows 20.01% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 105.06% and total cumulative return in cash records $74,881. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,598/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$272 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: Sheri Tilton • RE/MAX of Spokane
Mls Name: SMLS
Mls Provider:
Mls ID: #202513358
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.