1151 Bingham AveIdaho FallsID83402
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.26% yield at 1151 Bingham Ave, Idaho Falls, ID, 83402 in Idaho Falls is solid, but the $1,511/mo payment compresses net cash flow to $101/mo at $336,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $92,831 by year five, and $3,095/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.35) without U.S. income documentation. Total projected return: $133,278.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 7.0% |
| Monthly Cash Flow | $101 | $350 |
City averages based on Idaho Falls market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,034 |
| Total Monthly Debt Service | $1,799 |
| DSCR Ratio | 1.13x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1958
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83402, Idaho Falls, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 7,667 (60.0%) |
| Renter Occupied HU | 4,234 (33.1%) |
| Vacant Housing Units | 881 ( 6.9%) |
| Median Home Value | $349,931 |
| Average Home Value | $381,138 |
Housing Distribution
Address Breakdown
Residential
11,881
Single Family
10,988
Multi-Family
893
Businesses
1,362
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
Single Family
Built in 1958
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83402, Idaho Falls, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 7,667 (60.0%) |
| Renter Occupied HU | 4,234 (33.1%) |
| Vacant Housing Units | 881 ( 6.9%) |
| Median Home Value | $349,931 |
| Average Home Value | $381,138 |
Housing Distribution
Address Breakdown
Residential
11,881
Single Family
10,988
Multi-Family
893
Businesses
1,362
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyler Petersen • Berkshire Hathaway HS Silverhawk Realty East Idaho
Mls Name: SRMLS
Mls Provider:
Mls ID: #2176622
Disclaimer: Copyright Snake River MLS. All rights reserved. Information is deemed reliable but not guaranteed.