1602 2nd Ave SPayetteID83661
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
Rental property for sale in Payette at 1602 2nd Ave S, Payette, ID, 83661 generates $1,566/mo in rent and, after a $976/mo payment, leaves $419/mo in cash flow. Total monthly income is $1,566/mo, and annual cash flow is $5,025/yr on $66,134 invested. Return on cash invested sits at 27.51% in year one, and rental yield is 9.42% on a $199,500 entry. Equity gained on principal adds $1,287/yr, while 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 143.03% and total cumulative return in cash sums $94,591. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,566/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83661, Payette, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,624 (100%) |
| Owner Occupied HU | 3,123 (67.5%) |
| Renter Occupied HU | 1,302 (28.2%) |
| Vacant Housing Units | 199 ( 4.3%) |
| Median Home Value | $274,292 |
| Average Home Value | $471,386 |
Housing Distribution
Address Breakdown
Residential
4,273
Single Family
4,170
Multi-Family
103
Businesses
365
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices