700 W 7th AveSpokaneWA99204
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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 700 W 7th Ave, Spokane, WA, 99204 with 5% annual appreciation on a $449,900 basis while $2,967/mo rent supports operations. Total monthly income totals $2,967/mo and a $2,202/mo payment preserves $263/mo for cash returns. Annual cash flow comes to $3,151/yr on $149,142 deployed, and return on cash invested reaches 22.02% in year one. Equity gained on principal adds $2,903/yr, and five-year appreciation sums $124,299 alongside rental yield of 7.91%. Five-year ROI measures 113.95% and total cumulative return in cash totals $169,942.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,967/mo property income versus a $2,202/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99204, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,509 (100%) |
| Owner Occupied HU | 1,067 (23.7%) |
| Renter Occupied HU | 2,908 (64.5%) |
| Vacant Housing Units | 534 (11.8%) |
| Median Home Value | $429,745 |
| Average Home Value | $469,688 |
Housing Distribution
Address Breakdown
Residential
3,985
Single Family
1,696
Multi-Family
2,289
Businesses
297
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Listed by: Cynthia Gustafson • John L Scott Real Estate
Mls Name: John L Scott Real Estate
Mls ID: #202517465