621 W Mansfield AveSpokaneWA99205
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 at 621 W Mansfield Ave, Spokane, WA, 99205 at $297,500 posts ROI 22.95% with $250/mo cash flow from $2,038/mo rent. Total monthly income equals $2,038/mo, and annual cash flow records $2,997/yr on $98,621 to close. Return on cash invested measures 22.95% and rental yield reads 8.22% at the current $297,500. Equity gained on principal adds $1,920/yr, and 5% annual appreciation supports $82,194 by year five. Five-year ROI prints 118.91% and total cumulative return in cash totals $117,271.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,038/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1924
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99205, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,110 (100%) |
| Owner Occupied HU | 13,065 (68.4%) |
| Renter Occupied HU | 5,398 (28.2%) |
| Vacant Housing Units | 647 ( 3.4%) |
| Median Home Value | $350,276 |
| Average Home Value | $403,425 |
Housing Distribution
Address Breakdown
Residential
18,144
Single Family
17,165
Multi-Family
979
Businesses
741
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric Etzel • Choice Realty
Mls Name: SMLS
Mls ID: #202521481