6909 E 8th AveSpokaneWA99212
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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 6909 E 8th Ave, Spokane, WA, 99212 uses $120,666 cash to close to unlock $1,818/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $1,782/mo payment keeps the spread at $152/mo. Purchase price stands at $364,000, and rental yield measures 7.71% with $2,340/mo rent. Return on cash invested shows 21.42% in year one, and 5% annual appreciation builds toward $100,566 over five years. Five-year ROI reaches 110.7% and total cumulative return in cash records $133,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $1,782/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99212, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,158 (100%) |
| Owner Occupied HU | 6,726 (66.2%) |
| Renter Occupied HU | 2,833 (27.9%) |
| Vacant Housing Units | 599 ( 5.9%) |
| Median Home Value | $411,760 |
| Average Home Value | $459,589 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
7,990
Multi-Family
1,197
Businesses
991
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Listed by: Breanne Jones • Windermere Liberty Lake
Mls Name: SMLS
Mls ID: #202610035