618 E Washington RdSpokaneWA99224
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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
Total monthly income runs $2,344/mo, and a $5,873/mo payment. Purchase price stands at $1,200,000, and rental yield measures 2.34% with $2,344/mo rent. Return on cash invested shows 5.34% in year one, and 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 24.39% and total cumulative return in cash records $94,811. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,344/mo property income covering a $5,873/mo payment rather than investor’s personal income.
Single Family
Built in 2020
12.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99224, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,817 (100%) |
| Owner Occupied HU | 7,291 (61.7%) |
| Renter Occupied HU | 3,763 (31.8%) |
| Vacant Housing Units | 763 ( 6.5%) |
| Median Home Value | $565,442 |
| Average Home Value | $579,828 |
Housing Distribution
Address Breakdown
Residential
10,799
Single Family
9,405
Multi-Family
1,394
Businesses
365
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Listed by: Elizabeth Boykin • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202521888