9808 E Shannon AveSpokaneWA99206
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 9808 E Shannon Ave, Spokane, WA, 99206 in Spokane earns a 8.72% gross yield at $455,900. Rent of $3,313/mo nets $573/mo after the $2,050/mo mortgage. The 1.62 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $125,957 and $4,199/yr in equity accumulation project a total cumulative return of $209,358.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 4.2% |
| Monthly Cash Flow | $573 | $485 |
City averages based on Spokane market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,313 |
| Total Monthly Debt Service | $2,559 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1967
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99206, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,686 (100%) |
| Owner Occupied HU | 9,994 (59.9%) |
| Renter Occupied HU | 6,076 (36.4%) |
| Vacant Housing Units | 616 ( 3.7%) |
| Median Home Value | $454,247 |
| Average Home Value | $495,755 |
Housing Distribution
Address Breakdown
Residential
16,396
Single Family
13,592
Multi-Family
2,804
Businesses
1,164
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
Single Family
Built in 1967
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99206, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,686 (100%) |
| Owner Occupied HU | 9,994 (59.9%) |
| Renter Occupied HU | 6,076 (36.4%) |
| Vacant Housing Units | 616 ( 3.7%) |
| Median Home Value | $454,247 |
| Average Home Value | $495,755 |
Housing Distribution
Address Breakdown
Residential
16,396
Single Family
13,592
Multi-Family
2,804
Businesses
1,164
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katy Yoder • EXIT REAL ESTATE PROFESSIONALS
Mls Name: SELMLS
Mls ID: #20252347