6814 N Cedar RdSpokaneWA99208
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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 6814 N Cedar Rd, Spokane, WA, 99208 offers a 9.09% rental yield on a $424,900 purchase with $3,218/mo rent. Total monthly income registers $3,218/mo, and a $2,080/mo payment leaves $664/mo available for distribution. Annual cash flow reaches $7,962/yr on $140,854 to close, and return on cash invested stands at 25.56% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,392 over five years. Portfolio math shows five-year ROI at 132.94% and total cumulative return in cash at $187,245. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,218/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
8,712 sqft 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: Skylar Oberst • Amplify Real Estate Services
Mls Name: SMLS
Mls ID: #202526136