B Plan, The Abbey at 15th and IvorySpokaneWA99223
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 B Plan, The Abbey at 15th and Ivory, Spokane, WA, 99223 offers $3,469/mo rent that, after a $6,338/mo payment. Total monthly income is $3,469/mo. Return on cash invested measures 7.53% in year one, and rental yield stands at 3.21% at a $1,295,000 entry. Equity gained on principal adds $8,356/yr while 5% annual appreciation compounds into $357,785 by year five. Five-year ROI records 36.29% and total cumulative return in cash reaches $152,262. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,469/mo property income versus a $6,338/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99223, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,445 (100%) |
| Owner Occupied HU | 9,190 (59.5%) |
| Renter Occupied HU | 5,738 (37.2%) |
| Vacant Housing Units | 517 ( 3.3%) |
| Median Home Value | $545,036 |
| Average Home Value | $621,616 |
Housing Distribution
Address Breakdown
Residential
14,564
Single Family
11,355
Multi-Family
3,209
Businesses
708
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Listed by: N/A • Terrabella
Mls Name: Terrabella
Mls ID: #N/A