1602 Pine St APT 2SandpointID83864
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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 Sandpoint at 1602 Pine St APT 2, Sandpoint, ID, 83864 listed at $288,000 pairs $1,608/mo rent with a $1,410/mo payment. Total monthly income runs $1,608/mo. Return on cash invested measures 17.23% in year one, and rental yield registers 6.7% at a $288,000 basis. Equity gained on principal adds $1,858/yr, and annual property appreciation at 5% supports $79,569 by year five. Five-year ROI tracks 88.65% and total cumulative return in cash totals $84,636. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,608/mo property income relative to a $1,410/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
$493 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83864, Sandpoint, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,075 (100%) |
| Owner Occupied HU | 6,405 (57.8%) |
| Renter Occupied HU | 2,599 (23.5%) |
| Vacant Housing Units | 2,071 (18.7%) |
| Median Home Value | $569,571 |
| Average Home Value | $622,888 |
Housing Distribution
Address Breakdown
Residential
8,825
Single Family
8,203
Multi-Family
622
Businesses
1,302
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Listed by: Rachel Nordgaarden • RIGHT CHOICE REALTY GROUP, LLC
Mls Name: SELMLS
Mls Provider:
Mls ID: #20250128
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