1196 Corinne AveIdaho FallsID83402
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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 Idaho Falls at 1196 Corinne Ave, Idaho Falls, ID, 83402 generates $2,161/mo in rent and, after a $1,708/mo payment, leaves $153/mo in cash flow. Total monthly income is $2,161/mo, and annual cash flow is $1,841/yr on $115,694 invested. Return on cash invested sits at 21.5% in year one, and rental yield is 7.43% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 110.83% and total cumulative return in cash sums $128,220. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,161/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
6,534 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
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Listed by: Amber Matlock • Evolv Brokerage
Mls Name: SRMLS
Mls ID: #2179047