824 W Fairview AveSpokaneWA99205
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 824 W Fairview Ave, Spokane, WA, 99205 with 5% annual appreciation on a $284,900 basis while $2,363/mo rent supports operations. Total monthly income totals $2,363/mo and a $1,394/mo payment preserves $651/mo for cash returns. Annual cash flow comes to $7,810/yr on $94,444 deployed, and return on cash invested reaches 28.18% in year one. Equity gained on principal adds $1,838/yr, and five-year appreciation sums $78,713 alongside rental yield of 9.95%. Five-year ROI measures 146.96% and total cumulative return in cash totals $138,791.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,363/mo property income versus a $1,394/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1887
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99205, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,110 (100%) |
| Owner Occupied HU | 13,065 (68.4%) |
| Renter Occupied HU | 5,398 (28.2%) |
| Vacant Housing Units | 647 ( 3.4%) |
| Median Home Value | $350,276 |
| Average Home Value | $403,425 |
Housing Distribution
Address Breakdown
Residential
18,144
Single Family
17,165
Multi-Family
979
Businesses
741
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Christensen • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202610384