8720 E Woodland Park DrSpokaneWA99217
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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 8720 E Woodland Park Dr, Spokane, WA, 99217 offers a 6.24% rental yield on a $924,987 purchase with $4,813/mo rent. 12% in year one. Equity gained on principal adds $5,969/yr while 5% annual appreciation supports $255,557 over five years. Portfolio math shows five-year ROI at 87.6% and total cumulative return in cash at $266,576. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,813/mo property income against a $4,527/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.47 Acres 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: Chad Clelland • Silvercreek Realty Group
Mls Name: SMLS
Mls ID: #202521672