726 W 6th Ave #205SpokaneWA99204
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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 726 W 6th Ave #205, Spokane, WA, 99204 earns $257/mo cash flow from $1,249/mo rent with a $808/mo payment. Total monthly income totals $1,249/mo, and annual cash flow totals $3,081/yr on $54,698 capital. ROI tracks 25.54% on current figures, and rental yield reads 9.08% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 132.84% and total cumulative return in cash sums $72,659. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,249/mo property income instead of your personal income.
Condo
Built in 1937
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: Carrie Meyer • Home Sales Spokane
Mls Name: SMLS
Mls ID: #202518548