618 E Broad AveSpokaneWA99207
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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 618 E Broad Ave, Spokane, WA, 99207 with 5% annual appreciation on a $300,000 basis while $2,092/mo rent supports operations. Total monthly income totals $2,092/mo and a $1,468/mo payment preserves $289/mo for cash returns. Annual cash flow comes to $3,468/yr on $99,450 deployed, and return on cash invested reaches 23.4% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 8.37%. Five-year ROI measures 121.29% and total cumulative return in cash totals $120,624.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,092/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1908
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99207, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,587 (100%) |
| Owner Occupied HU | 6,966 (51.3%) |
| Renter Occupied HU | 5,911 (43.5%) |
| Vacant Housing Units | 710 ( 5.2%) |
| Median Home Value | $282,607 |
| Average Home Value | $343,885 |
Housing Distribution
Address Breakdown
Residential
12,625
Single Family
10,853
Multi-Family
1,772
Businesses
932
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Listed by: Nick Briggs • Windermere City Group
Mls Name: SMLS
Mls ID: #202525676