1501 Miller Ave APT 8BurleyID83318
Nearby investment properties with comparable rents
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 Burley at 1501 Miller Ave APT 8, Burley, ID, 83318 earns $153/mo cash flow from $986/mo rent with a $636/mo payment. Total monthly income totals $986/mo, and annual cash flow totals $1,841/yr on $43,095 capital. ROI tracks 24.18% on current figures, and rental yield reads 9.1% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 126.09% and total cumulative return in cash sums $54,339. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $986/mo property income instead of your personal income.
Condo
Built in 1917
N/A lot
$N/A/sqft
$85 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83318, Burley, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,166 (100%) |
| Owner Occupied HU | 4,605 (64.3%) |
| Renter Occupied HU | 2,200 (30.7%) |
| Vacant Housing Units | 361 ( 5.0%) |
| Median Home Value | $335,600 |
| Average Home Value | $399,917 |
Housing Distribution
Address Breakdown
Residential
6,844
Single Family
6,644
Multi-Family
200
Businesses
865
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Runyon • River Bridge Realty
Mls Name: IMLS
Mls Provider:
Mls ID: #98930242
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.