724 E Joseph AveSpokaneWA99208
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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 724 E Joseph Ave, Spokane, WA, 99208 offers $1,741/mo rent that, after a $1,786/mo payment. Total monthly income is $1,741/mo. Return on cash invested measures 15.42% in year one, and rental yield stands at 5.72% at a $364,995 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,841 by year five. Five-year ROI records 78.55% and total cumulative return in cash reaches $95,046. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,741/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99208, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,730 (100%) |
| Owner Occupied HU | 16,287 (65.9%) |
| Renter Occupied HU | 7,535 (30.5%) |
| Vacant Housing Units | 908 ( 3.7%) |
| Median Home Value | $496,695 |
| Average Home Value | $537,982 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
18,840
Multi-Family
5,292
Businesses
584
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Listed by: Marcy Martin • M. Martin & CO, LLC
Mls Name: SMLS
Mls ID: #202610595