6618 S Echo Ridge StSpokaneWA99224
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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 6618 S Echo Ridge St, Spokane, WA, 99224 uses $162,236 cash to close to unlock $474/yr annual cash flow and $40/mo monthly cash flow. Total monthly income runs $2,981/mo, and a $2,395/mo payment keeps the spread at $40/mo. Purchase price stands at $489,400, and rental yield measures 7.31% with $2,981/mo rent. Return on cash invested shows 20.2% in year one, and 5% annual appreciation builds toward $135,212 over five years. Five-year ROI reaches 104.18% and total cumulative return in cash records $169,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,981/mo property income covering a $2,395/mo payment rather than investor’s personal income.
Single Family
Built in 2001
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99224, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,817 (100%) |
| Owner Occupied HU | 7,291 (61.7%) |
| Renter Occupied HU | 3,763 (31.8%) |
| Vacant Housing Units | 763 ( 6.5%) |
| Median Home Value | $565,442 |
| Average Home Value | $579,828 |
Housing Distribution
Address Breakdown
Residential
10,799
Single Family
9,405
Multi-Family
1,394
Businesses
365
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Listed by: Collin Kelley • eXp Realty, LLC
Mls Name: SMLS
Mls ID: #202610259