116 6th Ave EJeromeID83338
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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
Rental property for sale in Jerome at 116 6th Ave E, Jerome, ID, 83338 priced at $205,000 converts $1,334/mo rent into $155/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,334/mo, and annual cash flow totals $1,860/yr on $67,958 invested. Return on cash invested prints 22.65% in year one, and rental yield reads 7.81% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 117.03% and total cumulative return in cash sums $79,530. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,334/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1933
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83338, Jerome, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,007 (100%) |
| Owner Occupied HU | 5,463 (68.2%) |
| Renter Occupied HU | 2,203 (27.5%) |
| Vacant Housing Units | 341 ( 4.3%) |
| Median Home Value | $336,869 |
| Average Home Value | $385,063 |
Housing Distribution
Address Breakdown
Residential
7,515
Single Family
7,385
Multi-Family
130
Businesses
619
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Listed by: Hailey Paul • Real Broker LLC
Mls Name: IMLS
Mls Provider:
Mls ID: #98947420
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.