602 S Progress RdSpokane ValleyWA99037
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Valley at 602 S Progress Rd, Spokane Valley, WA, 99037 listed at $454,000 pairs $1,928/mo rent with a $2,222/mo payment. Total monthly income runs $1,928/mo. Return on cash invested measures 13.52% in year one, and rental yield registers 5.1% at a $454,000 basis. Equity gained on principal adds $2,930/yr, and annual property appreciation at 5% supports $125,432 by year five. Five-year ROI tracks 68.38% and total cumulative return in cash totals $102,914. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,928/mo property income relative to a $2,222/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
1.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99037, Veradale, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,321 (100%) |
| Owner Occupied HU | 4,125 (56.3%) |
| Renter Occupied HU | 2,982 (40.7%) |
| Vacant Housing Units | 214 ( 2.9%) |
| Median Home Value | $526,688 |
| Average Home Value | $563,407 |
Housing Distribution
Address Breakdown
Residential
6,914
Single Family
5,618
Multi-Family
1,296
Businesses
565
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Listed by: Seth Maefsky • Keller Williams Realty Coeur d
Mls Name: SMLS
Mls ID: #202527287