1580 Summer WayIdaho FallsID83404
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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 1580 Summer Way, Idaho Falls, ID, 83404 offers a 7.66% rental yield on a $440,000 purchase with $2,808/mo rent. Total monthly income registers $2,808/mo, and a $2,154/mo payment leaves $276/mo available for distribution. Annual cash flow reaches $3,316/yr on $145,860 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,564 over five years. Portfolio math shows five-year ROI at 114.47% and total cumulative return in cash at $166,966. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,808/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83404, Idaho Falls, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,649 (100%) |
| Owner Occupied HU | 7,640 (71.7%) |
| Renter Occupied HU | 2,519 (23.7%) |
| Vacant Housing Units | 490 ( 4.6%) |
| Median Home Value | $432,567 |
| Average Home Value | $482,219 |
Housing Distribution
Address Breakdown
Residential
10,269
Single Family
10,009
Multi-Family
260
Businesses
788
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Listed by: Andrew Schneider • Real Broker LLC
Mls Name: SRMLS
Mls ID: #2181300