1613 Covington StMiddletonID83644
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.31% yield at 1613 Covington St, Middleton, ID, 83644 in Middleton is solid, but the $2,433/mo payment compresses net cash flow to $143/mo at $540,990. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $149,466 by year five, and $4,983/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.36) without U.S. income documentation. Total projected return: $216,059.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 4.9% |
| Monthly Cash Flow | $143 | $285 |
City averages based on Middleton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,298 |
| Total Monthly Debt Service | $2,897 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83644, Middleton, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,229 (100%) |
| Owner Occupied HU | 5,399 (86.7%) |
| Renter Occupied HU | 663 (10.6%) |
| Vacant Housing Units | 167 ( 2.7%) |
| Median Home Value | $515,674 |
| Average Home Value | $575,974 |
Housing Distribution
Address Breakdown
Residential
5,695
Single Family
5,695
Multi-Family
0
Businesses
300
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
Single Family
Built in 2026
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83644, Middleton, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,229 (100%) |
| Owner Occupied HU | 5,399 (86.7%) |
| Renter Occupied HU | 663 (10.6%) |
| Vacant Housing Units | 167 ( 2.7%) |
| Median Home Value | $515,674 |
| Average Home Value | $575,974 |
Housing Distribution
Address Breakdown
Residential
5,695
Single Family
5,695
Multi-Family
0
Businesses
300
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices