1203 Locker AveParmaID83660
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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 Parma at 1203 Locker Ave, Parma, ID, 83660 offers $1,960/mo rent that, after a $3,206/mo payment. Total monthly income is $1,960/mo. Return on cash invested measures 9.99% in year one, and rental yield stands at 3.59% at a $655,000 entry. Equity gained on principal adds $4,227/yr while 5% annual appreciation compounds into $180,964 by year five. Five-year ROI records 49.05% and total cumulative return in cash reaches $105,695. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,960/mo property income versus a $3,206/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2020
14.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83660, Parma, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,417 (100%) |
| Owner Occupied HU | 1,829 (75.7%) |
| Renter Occupied HU | 468 (19.4%) |
| Vacant Housing Units | 120 ( 5.0%) |
| Median Home Value | $466,477 |
| Average Home Value | $523,090 |
Housing Distribution
Address Breakdown
Residential
2,146
Single Family
2,146
Multi-Family
0
Businesses
130
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