7616 E Columbia DrSpokaneWA99212
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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 7616 E Columbia Dr, Spokane, WA, 99212 offers $2,831/mo rent that, after a $2,937/mo payment. Total monthly income is $2,831/mo. Return on cash invested measures 15.32% in year one, and rental yield stands at 5.66% at a $600,000 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 77.96% and total cumulative return in cash reaches $153,900. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,831/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
10,454 sqft lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99212, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,158 (100%) |
| Owner Occupied HU | 6,726 (66.2%) |
| Renter Occupied HU | 2,833 (27.9%) |
| Vacant Housing Units | 599 ( 5.9%) |
| Median Home Value | $411,760 |
| Average Home Value | $459,589 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
7,990
Multi-Family
1,197
Businesses
991
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Listed by: Cody Kerr • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls Provider:
Mls ID: #202515114
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.