6111 E 8th AveSpokaneWA99223
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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 6111 E 8th Ave, Spokane, WA, 99223 listed at $265,000 pairs $1,705/mo rent with a $1,297/mo payment to leave $112/mo cash flow. Total monthly income runs $1,705/mo, and annual cash flow reaches $1,345/yr on $87,848 cash to close. Return on cash invested measures 21.44% in year one, and rental yield registers 7.72% at a $265,000 basis. Equity gained on principal adds $1,710/yr, and annual property appreciation at 5% supports $73,215 by year five. Five-year ROI tracks 110.87% and total cumulative return in cash totals $97,395. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,705/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1935
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99223, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,445 (100%) |
| Owner Occupied HU | 9,190 (59.5%) |
| Renter Occupied HU | 5,738 (37.2%) |
| Vacant Housing Units | 517 ( 3.3%) |
| Median Home Value | $545,036 |
| Average Home Value | $621,616 |
Housing Distribution
Address Breakdown
Residential
14,564
Single Family
11,355
Multi-Family
3,209
Businesses
708
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Listed by: Patrick Libey • Avalon 24 Real Estate
Mls Name: SMLS
Mls ID: #202524452