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6
Values at $339K, Market Fast
Updated 3 days ago • 9 new comps
Your Investment Paths
Turnkey Rental
The property at 2533 W Decatur Ave shows strong rental potential in the current market. Investors can expect monthly income between $2,056 and $2,245, supported by a healthy estimated rental yield of approximately 7.74 percent. This 4-bedroom home aligns well with area trends, offering a competitive edge for prospective tenants. With consistent demand for similar single-family residences nearby, this property serves as a solid candidate for building reliable rental cash flow.
More about this home
Neighborhood Assessment
North Spokane's 99205 zip, around W Decatur Ave, offers solid neighborhood stability with comps valuing similar homes at $220K-$450K, averaging ~$300K for this 1,700 sqft, 4-bed, 1-bath rancher. Walkability's decent near Westview Elementary (5/10 rating, 0.7mi) and Shadle Park High (4/10, 1.2mi), but schools could improve. Recent comp sales like 6003 N Cochran at $449K show demand for larger lots. Low flood/fire risks boost appeal—you know, it's a safe bet in a market that's held steady. Market's consistent, with Zestimate at $333K aligning with price/sqft of $196. Fully fenced 10K sqft lot's a gem for families or pets. Updates like fresh paint, stainless appliances, and basement finish add move-in value without flip upside.
Market Activity
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Rental Income
$26K
Yield
7.7%
Year 1 Estimates
Fix-and-Flip
Modernizing your home offers a clear boost to your property's value. Updated spaces see a price per square foot of roughly 200 dollars, compared to 196 dollars for standard homes, representing a positive shift of approximately 1.7 percent. Refining your property captures broader interest, moving your potential sale range higher. These enhancements also increase rental appeal, pushing up potential earnings. This strategy creates a more inviting living space that effectively unlocks greater long-term market interest.
Value Add
$6K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid potential for the BRRRR strategy. With a post-renovation value estimated between 323,000 and 358,000 dollars, investors can expect significant equity upside. The current market demand supports strong, long-term asset appreciation. Projected rental income hits 2,413 dollars monthly, delivering a stable 8.5 percent yield. This reliable cash flow makes the property an attractive, practical choice for building a balanced rental portfolio while securing solid market returns.
Rental Income
$29K
Yield
8.5%
Year 1 Estimates, Post Typical Renovation
Estimated value
$333K
$5.7K below comp median
Comparative Market Analysis
$260K – $395K
~24 days to sell
Based on 8 comps
2533 W Decatur Ave, Spokane Investment Report: Flip & Rental Analysis · Frontflip