6511 N Atlantic StSpokaneWA99208
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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 6511 N Atlantic St, Spokane, WA, 99208 priced at $1,790,000 converts $3,218/mo rent into after a $8,761/mo obligation. Total monthly income equals $3,218/mo. Return on cash invested prints 4.76% in year one, and rental yield reads 2.16% against a $1,790,000 entry. Equity gained on principal adds $11,551/yr, while 5% annual appreciation compiles into $494,544 by year five. Five-year ROI reaches 21.3% and total cumulative return in cash sums $123,532. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,218/mo property income covering a $8,761/mo payment, not borrower’s personal income.
Multi Family
Built in 1964
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99208, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,730 (100%) |
| Owner Occupied HU | 16,287 (65.9%) |
| Renter Occupied HU | 7,535 (30.5%) |
| Vacant Housing Units | 908 ( 3.7%) |
| Median Home Value | $496,695 |
| Average Home Value | $537,982 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
18,840
Multi-Family
5,292
Businesses
584
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Listed by: Nick Grishko • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202527204