1548 Ernest DrIdaho FallsID83402
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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
Investment property for sale in Idaho Falls at 1548 Ernest Dr, Idaho Falls, ID, 83402 offers a 7.48% rental yield on a $535,000 purchase with $3,334/mo rent. Total monthly income registers $3,334/mo, and a $2,619/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,069/yr on $176,015 to close, and return on cash invested stands at 21.8% in year one. Equity gained on principal adds $3,452/yr while 5% annual appreciation supports $147,811 over five years. Portfolio math shows five-year ROI at 112.39% and total cumulative return in cash at $197,824. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,334/mo property income against a $2,619/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83402, Idaho Falls, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 7,667 (60.0%) |
| Renter Occupied HU | 4,234 (33.1%) |
| Vacant Housing Units | 881 ( 6.9%) |
| Median Home Value | $349,931 |
| Average Home Value | $381,138 |
Housing Distribution
Address Breakdown
Residential
11,881
Single Family
10,988
Multi-Family
893
Businesses
1,362
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Listed by: Sheri Peery • Keller Williams Realty East Idaho
Mls Name: SRMLS
Mls ID: #2179058