8203 N Hughes DrSpokaneWA99208
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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 8203 N Hughes Dr, Spokane, WA, 99208 uses $127,628 cash to close to unlock $6,427/yr annual cash flow and $536/mo monthly cash flow. Total monthly income runs $2,888/mo, and a $1,884/mo payment keeps the spread at $536/mo. Purchase price stands at $385,000, and rental yield measures 9% with $2,888/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 129.75% and total cumulative return in cash records $165,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,888/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1958
8,712 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: Kolby Schoenrock • Windermere City Group
Mls Name: SMLS
Mls Provider:
Mls ID: #202522012
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