8712 E Ridgeline LnSpokaneWA99217
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 8712 E Ridgeline Ln, Spokane, WA, 99217 priced at $834,900 converts $3,986/mo rent into after a $4,086/mo obligation. Total monthly income equals $3,986/mo. Return on cash invested prints 15.55% in year one, and rental yield reads 5.73% against a $834,900 entry. Equity gained on principal adds $5,387/yr, while 5% annual appreciation compiles into $230,667 by year five. Five-year ROI reaches 79.2% and total cumulative return in cash sums $217,545. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,986/mo property income covering a $4,086/mo payment, not borrower’s personal income.
Single Family
Built in 2025
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joanne Pettit • John L Scott, Inc.
Mls Name: SMLS
Mls ID: #202610405