208 E Locust StShelleyID83274
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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 Shelley at 208 E Locust St, Shelley, ID, 83274 priced at $254,500 converts $1,738/mo rent into $274/mo cash flow after a $1,246/mo obligation. Total monthly income equals $1,738/mo, and annual cash flow totals $3,283/yr on $84,367 invested. Return on cash invested prints 23.8% in year one, and rental yield reads 8.19% against a $254,500 entry. Equity gained on principal adds $1,642/yr, while 5% annual appreciation compiles into $70,314 by year five. Five-year ROI reaches 123.16% and total cumulative return in cash sums $103,903. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,738/mo property income covering a $1,246/mo payment, not borrower’s personal income.
Single Family
Built in 1920
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83274, Shelley, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,839 (100%) |
| Owner Occupied HU | 2,977 (77.5%) |
| Renter Occupied HU | 700 (18.2%) |
| Vacant Housing Units | 162 ( 4.2%) |
| Median Home Value | $397,014 |
| Average Home Value | $450,489 |
Housing Distribution
Address Breakdown
Residential
3,761
Single Family
3,693
Multi-Family
68
Businesses
181
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