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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Spokane at 620 W 7th Ave APT 402, Spokane, WA, 99204 generates $1,966/mo in rent, after a $1,591/mo payment. Total monthly income is $1,966/mo. Return on cash invested sits at 16.06% in year one, and rental yield is 7.26% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 83.44% and total cumulative return in cash sums $89,893. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,966/mo property income rather than buyer’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$352 monthly HOA
Neighborhood data shown for ZIP Code: 99204, Spokane, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,509 (100%) |
| Owner Occupied HU | 1,067 (23.7%) |
| Renter Occupied HU | 2,908 (64.5%) |
| Vacant Housing Units | 534 (11.8%) |
| Median Home Value | $429,745 |
| Average Home Value | $469,688 |
Residential
3,985
Single Family
1,696
Multi-Family
2,289
Businesses
297
Date | Event | Price |
|---|---|---|
| 2025-08-12 | Sold | $325,000 |
| 2025-06-09 | Pending sale | $339,900 |
| 2025-06-05 | Listed for sale | $339,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-14 | $2801.62 | 2.40% | $282,000 | N/A |
| 2023-10-14 | $2735.84 | -2.51% | $282,000 | -1.61% |
| 2022-10-14 | $2806.29 | 74.98% | $286,600 | 88.43% |
Listed by: Jim Lister • Windermere Manito, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202518172
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.
