21 Main AveWallaceID83873
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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 Wallace at 21 Main Ave, Wallace, ID, 83873 priced at $285,000 converts $1,676/mo rent into $36/mo cash flow after a $1,395/mo obligation. Total monthly income equals $1,676/mo, and annual cash flow totals $436/yr on $94,478 invested. Return on cash invested prints 20.37% in year one, and rental yield reads 7.06% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 104.77% and total cumulative return in cash sums $98,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,676/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 1936
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83873, Wallace, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,429 (100%) |
| Owner Occupied HU | 729 (51.0%) |
| Renter Occupied HU | 310 (21.7%) |
| Vacant Housing Units | 390 (27.3%) |
| Median Home Value | $288,966 |
| Average Home Value | $319,760 |
Housing Distribution
Address Breakdown
Residential
792
Single Family
682
Multi-Family
110
Businesses
184
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