6919 E Spangle Waverly RdSpangleWA99031
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Spangle at 6919 E Spangle Waverly Rd, Spangle, WA, 99031 listed at $1,124,900 pairs $4,570/mo rent with a $5,506/mo payment. Total monthly income runs $4,570/mo. Return on cash invested measures 13.15% in year one, and rental yield registers 4.88% at a $1,124,900 basis. Equity gained on principal adds $7,259/yr, and annual property appreciation at 5% supports $310,789 by year five. Five-year ROI tracks 66.27% and total cumulative return in cash totals $241,525. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,570/mo property income relative to a $5,506/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
27.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99031, Spangle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 522 (100%) |
| Owner Occupied HU | 393 (75.3%) |
| Renter Occupied HU | 109 (20.9%) |
| Vacant Housing Units | 20 ( 3.8%) |
| Median Home Value | $442,000 |
| Average Home Value | $459,981 |
Housing Distribution
Address Breakdown
Residential
376
Single Family
376
Multi-Family
0
Businesses
38
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Listed by: Patti Marcotte • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202525391