1117 Newgate DrIdaho FallsID83406
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Idaho Falls at 1117 Newgate Dr, Idaho Falls, ID, 83406 generates $2,849/mo in rent and, after a $2,006/mo payment, leaves $491/mo in cash flow. Total monthly income is $2,849/mo, and annual cash flow is $5,894/yr on $135,882 invested. Return on cash invested sits at 24.25% in year one, and rental yield is 8.34% on a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 125.56% and total cumulative return in cash sums $170,608. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,849/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83406, Idaho Falls, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,036 (100%) |
| Owner Occupied HU | 5,153 (73.2%) |
| Renter Occupied HU | 1,568 (22.3%) |
| Vacant Housing Units | 315 ( 4.5%) |
| Median Home Value | $445,947 |
| Average Home Value | $501,425 |
Housing Distribution
Address Breakdown
Residential
6,686
Single Family
6,568
Multi-Family
118
Businesses
292
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Nearby investment properties with comparable prices
Listed by: Laurie A Jones • Century 21 High Desert- Rexburg
Mls Name: SRMLS
Mls Provider:
Mls ID: #2173214
Disclaimer: Copyright Snake River MLS. All rights reserved. Information is deemed reliable but not guaranteed.