8504 E Black Oak LnSpokaneWA99217
Nearby investment properties with comparable rents
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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 8504 E Black Oak Ln, Spokane, WA, 99217 offers $3,172/mo rent that, after a $3,809/mo payment. Total monthly income is $3,172/mo. Return on cash invested measures 12.35% in year one, and rental yield stands at 4.89% at a $778,300 entry. Equity gained on principal adds $5,022/yr while 5% annual appreciation compounds into $215,030 by year five. Five-year ROI records 62.3% and total cumulative return in cash reaches $159,515. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,172/mo property income versus a $3,809/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99217, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,797 (100%) |
| Owner Occupied HU | 5,098 (58.0%) |
| Renter Occupied HU | 3,318 (37.7%) |
| Vacant Housing Units | 381 ( 4.3%) |
| Median Home Value | $381,940 |
| Average Home Value | $452,952 |
Housing Distribution
Address Breakdown
Residential
7,663
Single Family
7,059
Multi-Family
604
Businesses
553
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Listed by: N/A • N/A
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