7706 N Old Fort DrSpokaneWA99208
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
Investment Highlights
Investment property for sale in Spokane at 7706 N Old Fort Dr, Spokane, WA, 99208 uses $172,725 cash to close to unlock $3,729/yr annual cash flow and $311/mo monthly cash flow. Total monthly income runs $3,467/mo, and a $2,570/mo payment keeps the spread at $311/mo. Purchase price stands at $525,000, and rental yield measures 7.92% with $3,467/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 114.96% and total cumulative return in cash records $198,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,467/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 2001
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Newcomb • EXIT Real Estate Professionals
Mls Name: SMLS
Mls ID: #202522760