20 Bingham WayPriest RiverID83856
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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
Rental property for sale in Priest River at 20 Bingham Way, Priest River, ID, 83856 priced at $394,000 converts $2,394/mo rent into $128/mo cash flow after a $1,928/mo obligation. Total monthly income equals $2,394/mo, and annual cash flow totals $1,534/yr on $130,611 invested. Return on cash invested prints 21.08% in year one, and rental yield reads 7.29% against a $394,000 entry. Equity gained on principal adds $2,542/yr, while 5% annual appreciation compiles into $108,855 by year five. Five-year ROI reaches 108.56% and total cumulative return in cash sums $141,796. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $1,928/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83856, Priest River, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,088 (100%) |
| Owner Occupied HU | 2,466 (60.3%) |
| Renter Occupied HU | 520 (12.7%) |
| Vacant Housing Units | 1,102 (27.0%) |
| Median Home Value | $492,508 |
| Average Home Value | $583,578 |
Housing Distribution
Address Breakdown
Residential
2,585
Single Family
2,541
Multi-Family
44
Businesses
203
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Listed by: Brad Jordan • BETTER HOMES AND GARDENS HOPE REALTY
Mls Name: SELMLS
Mls Provider:
Mls ID: #20242209
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.