6915 E Fairmont LnSpokaneWA99217
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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 6915 E Fairmont Ln, Spokane, WA, 99217 at $550,000 posts ROI 15.36% with from $2,827/mo rent. Total monthly income equals $2,827/mo. Return on cash invested measures 15.36% and rental yield reads 6.17% at the current $550,000. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 by year five. Five-year ROI prints 78.74% and total cumulative return in cash totals $142,486. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,827/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2012
10,454 sqft lot
$N/A/sqft
$59 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99217, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,797 (100%) |
| Owner Occupied HU | 5,098 (58.0%) |
| Renter Occupied HU | 3,318 (37.7%) |
| Vacant Housing Units | 381 ( 4.3%) |
| Median Home Value | $381,940 |
| Average Home Value | $452,952 |
Housing Distribution
Address Breakdown
Residential
7,663
Single Family
7,059
Multi-Family
604
Businesses
553
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Listed by: Mindy Yount • eXp Realty, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202518558
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.