814 N Mamer 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 814 N Mamer Rd, Spokane, WA, 99216 priced at $398,900 converts $2,323/mo rent into after a $1,952/mo obligation. Total monthly income equals $2,323/mo. Return on cash invested prints 19.23% in year one, and rental yield reads 6.99% against a $398,900 entry. Equity gained on principal adds $2,574/yr, while 5% annual appreciation compiles into $110,209 by year five. Five-year ROI reaches 98.99% and total cumulative return in cash sums $130,902. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,323/mo property income covering a $1,952/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.27 Acres 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: Lisa Gunderson • Lakeside Brokers
Mls Name: SMLS
Mls Provider:
Mls ID: #202517733
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.