9024 N Country Homes Blvd APT 7SpokaneWA99218
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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 9024 N Country Homes Blvd APT 7, Spokane, WA, 99218 generates $1,873/mo in rent and, after a $1,346/mo payment, leaves $220/mo in cash flow. Total monthly income is $1,873/mo, and annual cash flow is $2,639/yr on $91,163 invested. Return on cash invested sits at 22.8% in year one, and rental yield is 8.17% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 118.13% and total cumulative return in cash sums $107,687. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,873/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99218, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,688 (100%) |
| Owner Occupied HU | 3,470 (51.9%) |
| Renter Occupied HU | 2,840 (42.5%) |
| Vacant Housing Units | 378 ( 5.7%) |
| Median Home Value | $469,794 |
| Average Home Value | $532,282 |
Housing Distribution
Address Breakdown
Residential
5,954
Single Family
4,089
Multi-Family
1,865
Businesses
671
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Listed by: Jim Palmer Jr. • Real Estate Marketplace NW,Inc
Mls Name: SMLS
Mls ID: #202526112