700 W 7th Ave UNIT 402SpokaneWA99204
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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 UNIT 402, Spokane, WA, 99204 earns from $2,092/mo rent with a $1,958/mo payment. Total monthly income totals $2,092/mo. ROI tracks 11.29% on current figures, and rental yield reads 6.28% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 58.49% and total cumulative return in cash sums $77,560. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,092/mo property income instead of your personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$513 monthly 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: Kathi Pate • Windermere Manito, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202515531
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.