106 S 3rd StElk RiverID83827
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderAt $329,000, 106 S 3rd St, Elk River, ID, 83827 in Elk River generates $2,035/mo in rent (7.42% yield) but nets only $143/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.30) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $90,897. Total projected return: $127,086.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.0% |
| Monthly Cash Flow | $143 | $150 |
City averages based on Elk River market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,035 |
| Total Monthly Debt Service | $1,842 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83827, Elk River, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 146 (100%) |
| Owner Occupied HU | 73 (50.0%) |
| Renter Occupied HU | 8 ( 5.5%) |
| Vacant Housing Units | 65 (44.5%) |
| Median Home Value | $217,188 |
| Average Home Value | $247,671 |
Housing Distribution
Address Breakdown
Residential
3
Single Family
3
Multi-Family
0
Businesses
19
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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
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