16611 E 30th Ln · Spokane Valley, WA 99037

$399,950

3 bd · 2.0 ba · 1,540 sqft · SingleFamily · 69 Days on market

Built 2026 5,002 sqft lot $260/sqft · 14% below area Est $467k · 14% under $93/mo HOA · 3% of rent ↓ 11% since listing

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +14.0/15.0
• Cash flow +6.6/30.0
• Schools +5.4/10.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• 1% rule +1.9/10.0
• DSCR +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step inside this thoughtfully designed single-level home offering 1,540 square feet of comfortable living space. The open-concept layout brings together the kitchen, dining and living areas, creating a bright and inviting hub perfect for entertaining or relaxing. The kitchen stands out with stylish Shaker-style cabinetry, a gourmet island, quartz countertops and a complete Frigidaire® stainless steel appliance package. Premium vinyl plank flooring flows throughout the main living areas, complemented by 9' ceilings and modern decorative finishes. The owner's suite is privately tucked away, featuring a spa-inspired bathroom with dual sinks, an oversized soaking tub and a walk-in shower with a semi-frameless glass enclosure. Two additional bedrooms and a full bathroom are conveniently located off the foyer, offering flexibility for family or guests. Enjoy seamless indoor-outdoor living with a covered patio and a fenced yard for added privacy. The finished 2-car garage includes an automatic opener, future-ready car charging blank plate and direct access to a paved walkway and driveway. With so many sought-after features and energy-efficient upgrades, this home is sure to attract attention-don't miss your chance to make it yours!

Key facts

• Quartz countertops
• Covered patio
• Open-concept layout

Tags

• COVERED PATIO
• OPEN-CONCEPT LAYOUT
• STAINLESS STEEL APPLIANCES
• QUARTZ COUNTERTOPS
• SHAKER-STYLE CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $-665 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $304k (24.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $277k (30.6% below list).
• Recommended offer: $277k (30.6% below list) — sets the bar for 1% rule.
• Cap rate 4.3% vs local median 3.0% in Spokane Valley — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 85/100 on livability (#31 in WA, #512 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: crime D+.
• Central Valley School District (urban): math 55% / reading 66% proficiency, ranked #55 of 291 in WA (top 19%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-0.2%/yr); 152 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,608 units permitted in Spokane County in 2024 (1,792 in 5+ unit buildings).
• This rent runs 38% of the median local income ($88k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Spokane County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($376k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $50k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $277,433 (30.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.69% ✗
• Cap rate: 4.30%
• Cash-on-cash: -7.13%
• DSCR: 0.68
• GRM: 12.0

CMA / ARV

• ARV (median comp): $467,450
• List price: $399,950
• Delta: -14.44%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3031 S Monterey Ln	0.04mi	3/2.0	1,540 (0%)	1mo	$424,950	$276	98
3067 S Monterey Ln	0.06mi	3/2.0	1,540 (0%)	2mo	$399,950	$260	95
3072 S Monterey Ln	0.07mi	3/2.0	1,540 (0%)	3mo	$424,850	$276	94
3016 S Monterey Ln	0.03mi	3/2.0	1,669 (+8%)	1mo	$474,950	$285	84
3038 S Monterey Ln	0.05mi	3/2.0	1,669 (+8%)	1mo	$464,950	$279	83
3043 S Monterey Ln	0.05mi	3/2.0	1,669 (+8%)	1mo	$434,950	$261	83
3057 S Monterey Ln	0.05mi	3/2.0	1,669 (+8%)	1mo	$434,950	$261	83
3078 S Luchu Ln	0.06mi	3/2.0	1,669 (+8%)	1mo	$424,950	$255	82
3060 S Monterey Ln	0.06mi	3/2.0	1,669 (+8%)	1mo	$419,950	$252	82
3079 S Monterey Ln	0.07mi	3/2.0	1,669 (+8%)	1mo	$469,950	$282	82
3013 S Bristlecone Ln	0.05mi	3/2.0	1,669 (+8%)	3mo	$449,950	$270	81
2820 S Sonora Dr	0.38mi	3/2.0	1,373 (-11%)	2mo	$460,500	$335	62

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -32.2%
• Equity multiple: -0.03×
• Total profit: $-115,210
• Equity at exit: $59,634

10-year hold

• IRR: -59.7%
• Equity multiple: -0.66×
• Total profit: $-185,900
• Equity at exit: $34,580

Cash invested: $111,986 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 28 Tenant-Leaning
• State Washington: 28 Tenant-Leaning · D+8
• County: — inherits STATE
• City: — inherits STATE

Just-cause statewide (2021); Seattle layers rent control restrictions + relocation assistance; very tenant-friendly.

Methodology + full state rankings →

ZIP-level market 99037

• Rents YoY: -0.2%
• Active inventory: 152
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $2,774 medium
• Mortgage (P&I): −$2,097
• Tax est. 1.5%: −$500 /mo · $5,999/yr
• Insurance: −$167
• HOA: −$93
• Vacancy / Maint / Mgmt: −$583
• Net cashflow: $-665

Break-even live

Break-even rent $3,616

Max offer price $303,688

Occupancy floor —

Sensitivity live

Price	-10% $-389	-5% $-527	+0% $-665	+5% $-803	+10% $-942
Rent	-10% $-884	-5% $-775	+0% $-665	+5% $-556	+10% $-446
Rate	-1.0pp $-464	-0.5pp $-564	base $-665	+0.5pp $-769	+1.0pp $-874

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $99,988
• Closing costs: $11,998
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2804 S Marcus Ln City of Spokane Valley, WA	1.0–3.0	1.0–2.5	1184	$2,463	$2.08	15d	23	1.17mi
1510 S Progress Rd Spokane Valley, WA	3.0	2.0	1900	$3,350	$1.76	22d	1	1.30mi
18277 E 17th Ave Spokane Valley, WA	3.0	2.5	1800	$3,500	$1.94	45d	1	1.37mi

HOA detail

• Monthly dues: $93 · $1,116/yr

Listing history 20 events

1. 2026-06-02
   status $399,950 Pending 69 DOM
2. 2026-06-01
   days on market $399,950 Active 69 DOM
3. 2026-05-31
   days on market $399,950 Active 68 DOM
4. 2026-05-31
   days on market $399,950 Active 67 DOM
5. 2026-05-14
   price $399,950 1248-char remark

   Show marketing remark (822 chars)

   Welcome to the Ridgefield at Ponderosa Pines by Lennar! This new three-bedroom home offers a low-maintenance layout contained to a convenient single level. Two bedrooms and a full bathroom are located off the foyer, leading to a spacious and flexible open-concept layout shared between the kitchen, living and dining areas. A covered patio is ready for seamless outdoor entertainment and leisure. The luxurious owner’s suite is tucked into a private corner at the back of the home. With Lennar’s signature Everything’s Included®, you’ll find stainless steel appliances, quartz countertops, shaker-style cabinetry and more—all at no extra cost. Prices, dimensions and features may vary and are subject to change. Photos are for representational purposes only. Colors and features may vary.

6. 2026-05-14
   price $399,950 822-char remark

   Show marketing remark (822 chars)

   Welcome to the Ridgefield at Ponderosa Pines by Lennar! This new three-bedroom home offers a low-maintenance layout contained to a convenient single level. Two bedrooms and a full bathroom are located off the foyer, leading to a spacious and flexible open-concept layout shared between the kitchen, living and dining areas. A covered patio is ready for seamless outdoor entertainment and leisure. The luxurious owner’s suite is tucked into a private corner at the back of the home. With Lennar’s signature Everything’s Included®, you’ll find stainless steel appliances, quartz countertops, shaker-style cabinetry and more—all at no extra cost. Prices, dimensions and features may vary and are subject to change. Photos are for representational purposes only. Colors and features may vary.

7. 2026-05-12
   price $414,950 1248-char remark

   Show marketing remark (1248 chars)

   Step inside this thoughtfully designed single-level home offering 1,540 square feet of comfortable living space. The open-concept layout brings together the kitchen, dining and living areas, creating a bright and inviting hub perfect for entertaining or relaxing. The kitchen stands out with stylish Shaker-style cabinetry, a gourmet island, quartz countertops and a complete Frigidaire® stainless steel appliance package. Premium vinyl plank flooring flows throughout the main living areas, complemented by 9' ceilings and modern decorative finishes. The owner's suite is privately tucked away, featuring a spa-inspired bathroom with dual sinks, an oversized soaking tub and a walk-in shower with a semi-frameless glass enclosure. Two additional bedrooms and a full bathroom are conveniently located off the foyer, offering flexibility for family or guests. Enjoy seamless indoor-outdoor living with a covered patio and a fenced yard for added privacy. The finished 2-car garage includes an automatic opener, future-ready car charging blank plate and direct access to a paved walkway and driveway. With so many sought-after features and energy-efficient upgrades, this home is sure to attract attention-don't miss your chance to make it yours!

8. 2026-05-11
   price $414,950 822-char remark

   Show marketing remark (822 chars)

   Welcome to the Ridgefield at Ponderosa Pines by Lennar! This new three-bedroom home offers a low-maintenance layout contained to a convenient single level. Two bedrooms and a full bathroom are located off the foyer, leading to a spacious and flexible open-concept layout shared between the kitchen, living and dining areas. A covered patio is ready for seamless outdoor entertainment and leisure. The luxurious owner’s suite is tucked into a private corner at the back of the home. With Lennar’s signature Everything’s Included®, you’ll find stainless steel appliances, quartz countertops, shaker-style cabinetry and more—all at no extra cost. Prices, dimensions and features may vary and are subject to change. Photos are for representational purposes only. Colors and features may vary.

9. 2026-05-08
   price $419,950 1248-char remark

   Show marketing remark (1248 chars)

   Step inside this thoughtfully designed single-level home offering 1,540 square feet of comfortable living space. The open-concept layout brings together the kitchen, dining and living areas, creating a bright and inviting hub perfect for entertaining or relaxing. The kitchen stands out with stylish Shaker-style cabinetry, a gourmet island, quartz countertops and a complete Frigidaire® stainless steel appliance package. Premium vinyl plank flooring flows throughout the main living areas, complemented by 9' ceilings and modern decorative finishes. The owner's suite is privately tucked away, featuring a spa-inspired bathroom with dual sinks, an oversized soaking tub and a walk-in shower with a semi-frameless glass enclosure. Two additional bedrooms and a full bathroom are conveniently located off the foyer, offering flexibility for family or guests. Enjoy seamless indoor-outdoor living with a covered patio and a fenced yard for added privacy. The finished 2-car garage includes an automatic opener, future-ready car charging blank plate and direct access to a paved walkway and driveway. With so many sought-after features and energy-efficient upgrades, this home is sure to attract attention-don't miss your chance to make it yours!

10. 2026-05-07
    price $419,950 822-char remark

    Show marketing remark (822 chars)

    Welcome to the Ridgefield at Ponderosa Pines by Lennar! This new three-bedroom home offers a low-maintenance layout contained to a convenient single level. Two bedrooms and a full bathroom are located off the foyer, leading to a spacious and flexible open-concept layout shared between the kitchen, living and dining areas. A covered patio is ready for seamless outdoor entertainment and leisure. The luxurious owner’s suite is tucked into a private corner at the back of the home. With Lennar’s signature Everything’s Included®, you’ll find stainless steel appliances, quartz countertops, shaker-style cabinetry and more—all at no extra cost. Prices, dimensions and features may vary and are subject to change. Photos are for representational purposes only. Colors and features may vary.

11. 2026-05-05
    price $389,950 1248-char remark

    Show marketing remark (1248 chars)

    Step inside this thoughtfully designed single-level home offering 1,540 square feet of comfortable living space. The open-concept layout brings together the kitchen, dining and living areas, creating a bright and inviting hub perfect for entertaining or relaxing. The kitchen stands out with stylish Shaker-style cabinetry, a gourmet island, quartz countertops and a complete Frigidaire® stainless steel appliance package. Premium vinyl plank flooring flows throughout the main living areas, complemented by 9' ceilings and modern decorative finishes. The owner's suite is privately tucked away, featuring a spa-inspired bathroom with dual sinks, an oversized soaking tub and a walk-in shower with a semi-frameless glass enclosure. Two additional bedrooms and a full bathroom are conveniently located off the foyer, offering flexibility for family or guests. Enjoy seamless indoor-outdoor living with a covered patio and a fenced yard for added privacy. The finished 2-car garage includes an automatic opener, future-ready car charging blank plate and direct access to a paved walkway and driveway. With so many sought-after features and energy-efficient upgrades, this home is sure to attract attention-don't miss your chance to make it yours!

12. 2026-05-04
    price $389,950 822-char remark

    Show marketing remark (822 chars)

    Welcome to the Ridgefield at Ponderosa Pines by Lennar! This new three-bedroom home offers a low-maintenance layout contained to a convenient single level. Two bedrooms and a full bathroom are located off the foyer, leading to a spacious and flexible open-concept layout shared between the kitchen, living and dining areas. A covered patio is ready for seamless outdoor entertainment and leisure. The luxurious owner’s suite is tucked into a private corner at the back of the home. With Lennar’s signature Everything’s Included®, you’ll find stainless steel appliances, quartz countertops, shaker-style cabinetry and more—all at no extra cost. Prices, dimensions and features may vary and are subject to change. Photos are for representational purposes only. Colors and features may vary.

13. 2026-04-07
    price $399,950 1248-char remark

    Show marketing remark (1248 chars)

    Step inside this thoughtfully designed single-level home offering 1,540 square feet of comfortable living space. The open-concept layout brings together the kitchen, dining and living areas, creating a bright and inviting hub perfect for entertaining or relaxing. The kitchen stands out with stylish Shaker-style cabinetry, a gourmet island, quartz countertops and a complete Frigidaire® stainless steel appliance package. Premium vinyl plank flooring flows throughout the main living areas, complemented by 9' ceilings and modern decorative finishes. The owner's suite is privately tucked away, featuring a spa-inspired bathroom with dual sinks, an oversized soaking tub and a walk-in shower with a semi-frameless glass enclosure. Two additional bedrooms and a full bathroom are conveniently located off the foyer, offering flexibility for family or guests. Enjoy seamless indoor-outdoor living with a covered patio and a fenced yard for added privacy. The finished 2-car garage includes an automatic opener, future-ready car charging blank plate and direct access to a paved walkway and driveway. With so many sought-after features and energy-efficient upgrades, this home is sure to attract attention-don't miss your chance to make it yours!

14. 2026-04-06
    price $399,950 822-char remark

    Show marketing remark (822 chars)

    Welcome to the Ridgefield at Ponderosa Pines by Lennar! This new three-bedroom home offers a low-maintenance layout contained to a convenient single level. Two bedrooms and a full bathroom are located off the foyer, leading to a spacious and flexible open-concept layout shared between the kitchen, living and dining areas. A covered patio is ready for seamless outdoor entertainment and leisure. The luxurious owner’s suite is tucked into a private corner at the back of the home. With Lennar’s signature Everything’s Included®, you’ll find stainless steel appliances, quartz countertops, shaker-style cabinetry and more—all at no extra cost. Prices, dimensions and features may vary and are subject to change. Photos are for representational purposes only. Colors and features may vary.

15. 2026-04-03
    price $404,950 1248-char remark

    Show marketing remark (1248 chars)

    Step inside this thoughtfully designed single-level home offering 1,540 square feet of comfortable living space. The open-concept layout brings together the kitchen, dining and living areas, creating a bright and inviting hub perfect for entertaining or relaxing. The kitchen stands out with stylish Shaker-style cabinetry, a gourmet island, quartz countertops and a complete Frigidaire® stainless steel appliance package. Premium vinyl plank flooring flows throughout the main living areas, complemented by 9' ceilings and modern decorative finishes. The owner's suite is privately tucked away, featuring a spa-inspired bathroom with dual sinks, an oversized soaking tub and a walk-in shower with a semi-frameless glass enclosure. Two additional bedrooms and a full bathroom are conveniently located off the foyer, offering flexibility for family or guests. Enjoy seamless indoor-outdoor living with a covered patio and a fenced yard for added privacy. The finished 2-car garage includes an automatic opener, future-ready car charging blank plate and direct access to a paved walkway and driveway. With so many sought-after features and energy-efficient upgrades, this home is sure to attract attention-don't miss your chance to make it yours!

16. 2026-04-02
    price $404,950 822-char remark

    Show marketing remark (822 chars)

    Welcome to the Ridgefield at Ponderosa Pines by Lennar! This new three-bedroom home offers a low-maintenance layout contained to a convenient single level. Two bedrooms and a full bathroom are located off the foyer, leading to a spacious and flexible open-concept layout shared between the kitchen, living and dining areas. A covered patio is ready for seamless outdoor entertainment and leisure. The luxurious owner’s suite is tucked into a private corner at the back of the home. With Lennar’s signature Everything’s Included®, you’ll find stainless steel appliances, quartz countertops, shaker-style cabinetry and more—all at no extra cost. Prices, dimensions and features may vary and are subject to change. Photos are for representational purposes only. Colors and features may vary.

17. 2026-03-31
    price $419,950 1248-char remark

    Show marketing remark (1248 chars)

    Step inside this thoughtfully designed single-level home offering 1,540 square feet of comfortable living space. The open-concept layout brings together the kitchen, dining and living areas, creating a bright and inviting hub perfect for entertaining or relaxing. The kitchen stands out with stylish Shaker-style cabinetry, a gourmet island, quartz countertops and a complete Frigidaire® stainless steel appliance package. Premium vinyl plank flooring flows throughout the main living areas, complemented by 9' ceilings and modern decorative finishes. The owner's suite is privately tucked away, featuring a spa-inspired bathroom with dual sinks, an oversized soaking tub and a walk-in shower with a semi-frameless glass enclosure. Two additional bedrooms and a full bathroom are conveniently located off the foyer, offering flexibility for family or guests. Enjoy seamless indoor-outdoor living with a covered patio and a fenced yard for added privacy. The finished 2-car garage includes an automatic opener, future-ready car charging blank plate and direct access to a paved walkway and driveway. With so many sought-after features and energy-efficient upgrades, this home is sure to attract attention-don't miss your chance to make it yours!

18. 2026-03-30
    price $419,950 822-char remark

    Show marketing remark (822 chars)

    Welcome to the Ridgefield at Ponderosa Pines by Lennar! This new three-bedroom home offers a low-maintenance layout contained to a convenient single level. Two bedrooms and a full bathroom are located off the foyer, leading to a spacious and flexible open-concept layout shared between the kitchen, living and dining areas. A covered patio is ready for seamless outdoor entertainment and leisure. The luxurious owner’s suite is tucked into a private corner at the back of the home. With Lennar’s signature Everything’s Included®, you’ll find stainless steel appliances, quartz countertops, shaker-style cabinetry and more—all at no extra cost. Prices, dimensions and features may vary and are subject to change. Photos are for representational purposes only. Colors and features may vary.

19. 2026-03-24
    listed $449,950 Active 1248-char remark

    Show marketing remark (822 chars)

    Welcome to the Ridgefield at Ponderosa Pines by Lennar! This new three-bedroom home offers a low-maintenance layout contained to a convenient single level. Two bedrooms and a full bathroom are located off the foyer, leading to a spacious and flexible open-concept layout shared between the kitchen, living and dining areas. A covered patio is ready for seamless outdoor entertainment and leisure. The luxurious owner’s suite is tucked into a private corner at the back of the home. With Lennar’s signature Everything’s Included®, you’ll find stainless steel appliances, quartz countertops, shaker-style cabinetry and more—all at no extra cost. Prices, dimensions and features may vary and are subject to change. Photos are for representational purposes only. Colors and features may vary.

20. 2026-03-24
    listed $449,950 Active 822-char remark

    Show marketing remark (822 chars)

    Welcome to the Ridgefield at Ponderosa Pines by Lennar! This new three-bedroom home offers a low-maintenance layout contained to a convenient single level. Two bedrooms and a full bathroom are located off the foyer, leading to a spacious and flexible open-concept layout shared between the kitchen, living and dining areas. A covered patio is ready for seamless outdoor entertainment and leisure. The luxurious owner’s suite is tucked into a private corner at the back of the home. With Lennar’s signature Everything’s Included®, you’ll find stainless steel appliances, quartz countertops, shaker-style cabinetry and more—all at no extra cost. Prices, dimensions and features may vary and are subject to change. Photos are for representational purposes only. Colors and features may vary.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $33,292
• − Mortgage interest: −$22,403
• − Property taxes: −$5,999
• − Insurance: −$2,000
• − Repairs & maintenance: −$2,663
• − Management: −$2,663
• − HOA: −$1,116
• − Depreciation: −$11,635
• Taxable loss: −$15,188
• Est. tax savings @ 24.0%: +$3,645
• After-tax cash flow: $-4,338/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Central Valley School District
• NCES district ID: 5301110
• Math proficiency: 55% ▬ 0.00%
• Reading proficiency: 66% ▬ 0.00%
• Median HH income: $55,824
• Composite: 53.62/100
• National rank: #3107
• State rank: #55 of 291 in WA

Livability — Spokane Valley

• Score: 85/100
• State rank: #31
• US rank: #512

Category grades

Amenities A+ Commute A+ Cost of living B- Crime D+ Employment C Housing A+ Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Spokane County · 496,401 people
• City population: 129,511
• Metro: Spokane-Spokane Valley, WA
• Population (ZIP): 16,522
• Household income: $87,713
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 361.0

Population outlook (Spokane County) Hauer SSP2

• Today (2025): 531,314 people
• By 2030: 549,278 · +3.4%
• By 2040: 577,822 · +8.8%
• By 2050: 598,188 · +12.6%
• By 2075: 630,744 · +18.7%
• By 2100: 622,360 · +17.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 8% Two or more races 7% Pacific Islander 2% Asian 2% Black 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 4% Portuguese 3% Slovak 3%
• Foreign-born: 6% · Canada, United Kingdom
• Languages at home: 92% English-only · Other Asian/Pacific 2% Arabic 1% Spanish 1%

Political lean MEDSL · Spokane

• 2024 margin: Toss-up / Even · D 46.0% · R 51.0% · Other 3.0%
• 2008→2024 swing: -3.8pp toward R · 2008: -1.1pp · 2024: -5.0pp
• All cycles: 2024: R+5.0 2020: R+4.3 2016: R+8.3 2012: R+6.3 2008: R+1.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -287.98%
• Current HPI: 314.9207
• Rent YoY: ▼ -0.21%
• Metro: Spokane-Spokane Valley, WA
• State GDP YoY: ▲ 4.65%
• F500 in state: 22

Industry mix (Fortune 500 HQ in WA)

Industry	F500 HQs	Revenue
▸Retail	2	$269B
▸Technology / Retail	1	$638B
▸Technology	1	$245B
▸Telecommunications	1	$38B
▸Food / Beverage	1	$36B
▸Automotive / Trucks	1	$34B

Price history

-11.1% since first listed

16 events — show timeline

• 2026-05-14 Price Changed $399,950 Zillow
• 2026-05-14 Price Changed $399,950 SPOKANEMLS as Distributed by MLS Grid
• 2026-05-12 Price Changed $414,950 Zillow
• 2026-05-11 Price Changed $414,950 SPOKANEMLS as Distributed by MLS Grid
• 2026-05-08 Price Changed $419,950 Zillow
• 2026-05-07 Price Changed $419,950 SPOKANEMLS as Distributed by MLS Grid
• 2026-05-05 Price Changed $389,950 Zillow
• 2026-05-04 Price Changed $389,950 SPOKANEMLS as Distributed by MLS Grid
• 2026-04-07 Price Changed $399,950 Zillow
• 2026-04-06 Price Changed $399,950 SPOKANEMLS as Distributed by MLS Grid
• 2026-04-03 Price Changed $404,950 Zillow
• 2026-04-02 Price Changed $404,950 SPOKANEMLS as Distributed by MLS Grid
• 2026-03-31 Price Changed $419,950 Zillow
• 2026-03-30 Price Changed $419,950 SPOKANEMLS as Distributed by MLS Grid
• 2026-03-24 Listed $449,950 Zillow
• 2026-03-24 Listed $449,950 SPOKANEMLS as Distributed by MLS Grid