708 S Houk RdSpokaneWA99216
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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
Rental property for sale in Spokane at 708 S Houk Rd, Spokane, WA, 99216 priced at $424,900 pairs $2,894/mo rent with $340/mo cash flow after a $2,080/mo payment. Total monthly income equals $2,894/mo, and annual cash flow comes to $4,074/yr on $140,854 invested. Return on cash invested is 22.8% in year one, and rental yield stands at 8.17% on a $424,900 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,392 by year five. Five-year ROI measures 118.13% and total cumulative return in cash reaches $166,389. For financing, Ziffy Mortgage’s DSCR program evaluates $2,894/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99216, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,047 (100%) |
| Owner Occupied HU | 6,611 (47.1%) |
| Renter Occupied HU | 6,698 (47.7%) |
| Vacant Housing Units | 738 ( 5.3%) |
| Median Home Value | $429,870 |
| Average Home Value | $486,616 |
Housing Distribution
Address Breakdown
Residential
12,992
Single Family
8,075
Multi-Family
4,917
Businesses
1,059
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Listed by: Jamion Botch • eXp Realty 4 Degrees
Mls Name: SMLS
Mls ID: #202522794