8609 E Hazelwood LnSpokaneWA99212
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
Rental property for sale in Spokane at 8609 E Hazelwood Ln, Spokane, WA, 99212 priced at $749,500 converts $3,949/mo rent into after a $3,668/mo obligation. Total monthly income equals $3,949/mo. Return on cash invested prints 17.35% in year one, and rental yield reads 6.32% against a $749,500 entry. Equity gained on principal adds $4,836/yr, while 5% annual appreciation compiles into $207,073 by year five. Five-year ROI reaches 88.89% and total cumulative return in cash sums $219,185. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,949/mo property income covering a $3,668/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99212, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,158 (100%) |
| Owner Occupied HU | 6,726 (66.2%) |
| Renter Occupied HU | 2,833 (27.9%) |
| Vacant Housing Units | 599 ( 5.9%) |
| Median Home Value | $411,760 |
| Average Home Value | $459,589 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
7,990
Multi-Family
1,197
Businesses
991
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Listed by: Nick Grishko • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202527199