6227 N Elm StSpokaneWA99205
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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 6227 N Elm St, Spokane, WA, 99205 listed at $531,000 pairs $2,910/mo rent with a $2,599/mo payment. Total monthly income runs $2,910/mo. Return on cash invested measures 18.12% in year one, and rental yield registers 6.58% at a $531,000 basis. Equity gained on principal adds $3,426/yr, and annual property appreciation at 5% supports $146,706 by year five. Five-year ROI tracks 93.02% and total cumulative return in cash totals $162,501. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,910/mo property income relative to a $2,599/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
8,276 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
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Listed by: Lani Laganowski • Realty One Group Eclipse
Mls Name: SMLS
Mls ID: #202521514