707 W 6th Ave APT 14SpokaneWA99204
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.69 makes 707 W 6th Ave APT 14, Spokane, WA, 99204 in Spokane one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 9.11%. The 9.11% yield, 5% annual appreciation ($48,349 over five years), and $1,612/yr in principal reduction project a total cumulative return of $60,249.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 4.2% |
| Monthly Cash Flow | $(120) | $485 |
City averages based on Spokane market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,329 |
| Total Monthly Debt Service | $1,379 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
$397 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
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
Condo
Built in 1980
N/A lot
$N/A/sqft
$397 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chelsea Mcfarland • Prime Real Estate Group
Mls Name: SMLS
Mls Provider:
Mls ID: #202612494
Disclaimer: Based on information submitted to the MLS GRID as of 2026-02-25 11:42:44 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#122)