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For sale 11 days ago

$329,000

3 bd 2 ba 2084 sqft

13004 E. Mission Ave., Spokane Valley, WA 99216

Residential SFR Occupied Off MLS

Current Rent **

N/A

Projected Rent **

$2,200

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Off Market Deal: Easy Flip in Spokane Valley!

Don't sleep on this one!
Easiest flip you'll do all year (see Profit Analysis below)

Starting Bid: $329,000

Closing Costs: Paid by buyer including excise tax & title insurance

Address: 13004 E Mission Ave, Spokane Valley, WA 99216

Bed/Bath: 3 bed, 2 bath (4 bed, 3 bath if additional bed/bath added in basement)

Square Ft: 2,084

TOUR VIDEO:
https://www.youtube.com/watch?v=C_GO3cUGh-c

MORE INFO
https://www.youtube.com/watch?v=fZUwdkpR2e0

PHOTOS:
https://drive.google.com/drive/folders/1TnrC6CZ4nqr-4PJkSuvTcR6atunGwxG_

Here are how the numbers break out.

Profit Analysis
Projected Profit: (assuming hard money for 4 months): 27k
Resale: 440k
Rehab: 15k
- New carpet, polish hardwoods (3k)
- Interior paint (5k)
- Refinish cabinets (2k)
- New countertops (2k)
- New appliances (2k)

Market Analysis:
Subject property: 3 bed, 2 bath, 2100 sqft, 2+ car garage.
Best Comps:
- 11718 E Mission: Sold for 460k in 10 days 4 months ago, fully remodeled, 200 sqft smaller, 2 more garage spaces (20k value), near identical layout, on the same street 13 blocks west.

- 1012 N Vercler Rd: Sold for 455k in 7 days, 21 days ago, fully remodeled, 400 sqft smaller, larger garage, 6 blocks away.

- 415 N Bannen Rd: Sold for 450k in 14 days, 9 months ago, similar size, with shop, 8 blocks away.

- 13007 E Cataldo Ave: Sold for 430k in 20 days, 20 days ago, similar size/features, 6 blocks away.

All 41 nearby Comps: 3+ beds, 2-3 baths, older than 1995, sold within past 12 months.

Search Area: 41 listings within 1 cubic mile. 37 pending/sold, only 4 active

Contact Ross @ (509) 255-3569
[email protected]

Location:

13004 E. Mission Ave., Spokane Valley, WA 99216

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.