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Downtown Spokane 4 Plex Condo

Acquired: May 2023

COC return = 24.6%

Cap Rate = 7.6%

Schweitzer Land with density zoning of 4

Hold Period: 2 years 0 months

Purchase Price: $99,000

Cost to Close: $25,770.84

PITI Paid: $14,837.86

Expenses: $0

Total Invested: $40,608.70

Sale Price: $377,500

Cash after closing: $284,847.69

Rental Income: $2,000

Total Return: $286,847.69

ROI: 606%

Annualized ROI: 303%