149 Lower Gem RdWallaceID83873
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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
Investment Highlights
Investment property for sale in Wallace at 149 Lower Gem Rd, Wallace, ID, 83873 offers a 11.52% rental yield on a $225,000 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,101/mo payment leaves $866/mo available for distribution. Annual cash flow reaches $10,390/yr on $74,588 to close, and return on cash invested stands at 33.84% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 176.99% and total cumulative return in cash at $132,009. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2007
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83873, Wallace, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,429 (100%) |
| Owner Occupied HU | 729 (51.0%) |
| Renter Occupied HU | 310 (21.7%) |
| Vacant Housing Units | 390 (27.3%) |
| Median Home Value | $288,966 |
| Average Home Value | $319,760 |
Housing Distribution
Address Breakdown
Residential
792
Single Family
682
Multi-Family
110
Businesses
184
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Listed by: Jonathan Clemens • Keller Williams Spokane
Mls Name: Coeur d'Alene MLS
Mls Provider:
Mls ID: #25-4368
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.