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$1,600,000
1405 W 8th Ave
Spokane, WA 99204
Listed by Ryan Towner, LT Real Estate
- Units
- 13
- Built
- 1962
- Size
- 9,372 sq ft
- On market
- 62 days
Cap rate~7.2%
Cash-on-cash~2.1%
Cash flow+$760
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Purchase details
Purchase price$
Closing costs 2.5%−$
Repairs and remodel−$
Loan details
Down payment%
Interest rateour standard rate%
Rents
Rents coming innot on the MLS, confirmed with the listing agent$
Expenses
Principal & interest−$8,830
Property tax 2026Left blank−$
InsuranceNo spot on MLS−$
SewerLeft blank−$
WaterLeft blank−$
GarbageNo spot on MLS−$
Left over after mortgage and expenses$3,009
Set aside
Vacancy%
Maintenance%
Capital repairs%
Management%
Set aside for vacancy and maintenance−$2,248
What is left
Cash left over each month+$760
The units
| Unit | Beds | Baths | Sq ft | Rent / mo | Rentometerestimated | RentCastestimated |
|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 600 | $1,100estimated Rentometer $1,300 · RentCast $1,100 | $1,300 | $1,100 |
| 2 | 1 | 1 | 600 | $1,100estimated Rentometer $1,300 · RentCast $1,100 | $1,300 | $1,100 |
| 3 | 1 | 1 | 600 | $1,100estimated Rentometer $1,300 · RentCast $1,100 | $1,300 | $1,100 |
| 4 | 1 | 1 | 600 | $1,100estimated Rentometer $1,300 · RentCast $1,100 | $1,300 | $1,100 |
| 5 | 1 | 1 | 600 | $1,100estimated Rentometer $1,300 · RentCast $1,100 | $1,300 | $1,100 |
| 6 | 1 | 1 | 600 | $1,100estimated Rentometer $1,300 · RentCast $1,100 | $1,300 | $1,100 |
| 7 | 1 | 1 | 600 | $1,100estimated Rentometer $1,300 · RentCast $1,100 | $1,300 | $1,100 |
| 8 | 1 | 1 | 600 | $1,100estimated Rentometer $1,300 · RentCast $1,100 | $1,300 | $1,100 |
| 9 | 2 | 1 | 840 | $1,318estimated Rentometer $1,486 · RentCast $1,288 | $1,486 | $1,288 |
| 10 | 2 | 1 | 840 | $1,318estimated Rentometer $1,486 · RentCast $1,288 | $1,486 | $1,288 |
| 11 | 2 | 1 | 840 | $1,318estimated Rentometer $1,486 · RentCast $1,288 | $1,486 | $1,288 |
| 12 | 2 | 1 | 840 | $1,318estimated Rentometer $1,486 · RentCast $1,288 | $1,486 | $1,288 |
| 13 | 2 | 1 | 840 | $1,318estimated Rentometer $1,486 · RentCast $1,288 | $1,486 | $1,288 |
These 13 units add up to $15,390 a month. Those rents were confirmed with the listing agent.
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