1206 N Michigan AveCaldwellID83605
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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 Caldwell at 1206 N Michigan Ave, Caldwell, ID, 83605 generates $1,648/mo in rent and, after a $1,076/mo payment, leaves $383/mo in cash flow. Total monthly income is $1,648/mo, and annual cash flow is $4,599/yr on $72,897 invested. Return on cash invested sits at 26.22% in year one, and rental yield is 8.99% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 136.14% and total cumulative return in cash sums $99,244. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,648/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83605, Caldwell, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,262 (100%) |
| Owner Occupied HU | 10,439 (68.4%) |
| Renter Occupied HU | 4,270 (28.0%) |
| Vacant Housing Units | 553 ( 3.6%) |
| Median Home Value | $381,451 |
| Average Home Value | $394,583 |
Housing Distribution
Address Breakdown
Residential
14,660
Single Family
14,173
Multi-Family
487
Businesses
1,090
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