639 N Riverpoint BlvdSpokaneWA99202
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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
Rental property for sale in Spokane at 639 N Riverpoint Blvd, Spokane, WA, 99202 priced at $450,000 converts $3,634/mo rent into after a $2,203/mo obligation. Total monthly income equals $3,634/mo. Return on cash invested prints 16.52% in year one, and rental yield reads 9.69% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 88.37% and total cumulative return in cash sums $131,826. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,634/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Condo
Built in 1995
1,742 sqft lot
$N/A/sqft
$1,350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99202, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,648 (100%) |
| Owner Occupied HU | 3,704 (42.8%) |
| Renter Occupied HU | 4,322 (50.0%) |
| Vacant Housing Units | 622 ( 7.2%) |
| Median Home Value | $370,265 |
| Average Home Value | $404,692 |
Housing Distribution
Address Breakdown
Residential
8,460
Single Family
6,240
Multi-Family
2,220
Businesses
1,448
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Listed by: Erin Zasada • John L Scott, Inc.
Mls Name: SMLS
Mls Provider:
Mls ID: #202520027
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.