100 Governors WaySpirit LakeID83869
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Spirit Lake at 100 Governors Way, Spirit Lake, ID, 83869 with 5% annual appreciation on a $225,000 basis while $1,799/mo rent supports operations. Total monthly income totals $1,799/mo and a $1,101/mo payment preserves $505/mo for cash returns. Annual cash flow comes to $6,058/yr on $74,588 deployed, and return on cash invested reaches 28.03% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 9.59%. Five-year ROI measures 145.82% and total cumulative return in cash totals $108,765.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,799/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83869, Spirit Lake, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,565 (100%) |
| Owner Occupied HU | 1,892 (73.8%) |
| Renter Occupied HU | 230 ( 9.0%) |
| Vacant Housing Units | 443 (17.3%) |
| Median Home Value | $494,045 |
| Average Home Value | $591,882 |
Housing Distribution
Address Breakdown
Residential
1,400
Single Family
1,399
Multi-Family
1
Businesses
114
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Listed by: Janice Harvey • Kelly Right Real Estate
Mls Name: Coeur d'Alene MLS
Mls ID: #25-10624