15523 N Vera StSpirit LakeID83858
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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 Spirit Lake at 15523 N Vera St, Spirit Lake, ID, 83858 uses $180,950 cash to close to unlock $1,655/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $3,302/mo, and a $2,692/mo payment keeps the spread at $138/mo. Purchase price stands at $550,000, and rental yield measures 7.2% with $3,302/mo rent. Return on cash invested shows 20.97% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 107.94% and total cumulative return in cash records $195,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,302/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Multi Family
Built in 2003
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83858, Rathdrum, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,220 (100%) |
| Owner Occupied HU | 6,450 (78.5%) |
| Renter Occupied HU | 1,119 (13.6%) |
| Vacant Housing Units | 651 ( 7.9%) |
| Median Home Value | $657,230 |
| Average Home Value | $719,603 |
Housing Distribution
Address Breakdown
Residential
7,507
Single Family
7,272
Multi-Family
235
Businesses
392
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Listed by: Kathleen Tillman • Coldwell Banker Schneidmiller Realty
Mls Name: Coeur d'Alene MLS
Mls ID: #25-9785