1507 Main StSalmonID83467
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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
Rental property for sale in Salmon at 1507 Main St, Salmon, ID, 83467 offers $1,692/mo rent that, after a $1,223/mo payment, leaves $255/mo cash flow. Total monthly income is $1,692/mo, and annual cash flow is $3,054/yr on $82,842 cash. Return on cash invested measures 23.6% in year one, and rental yield stands at 8.12% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 122.07% and total cumulative return in cash reaches $101,126. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,692/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1977
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83467, Salmon, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,346 (100%) |
| Owner Occupied HU | 2,389 (71.4%) |
| Renter Occupied HU | 566 (16.9%) |
| Vacant Housing Units | 391 (11.7%) |
| Median Home Value | $405,904 |
| Average Home Value | $519,519 |
Housing Distribution
Address Breakdown
Residential
3,063
Single Family
3,037
Multi-Family
26
Businesses
414
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