216 E 450 SJeromeID83338
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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 Jerome at 216 E 450 S, Jerome, ID, 83338 generates $1,871/mo in rent and, after a $1,468/mo payment, leaves $146/mo in cash flow. Total monthly income is $1,871/mo, and annual cash flow is $1,746/yr on $99,450 invested. Return on cash invested sits at 21.66% in year one, and rental yield is 7.48% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 111.69% and total cumulative return in cash sums $111,072. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,871/mo property income rather than buyer’s personal income.
Manufactured
Built in 1983
3.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83338, Jerome, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,007 (100%) |
| Owner Occupied HU | 5,463 (68.2%) |
| Renter Occupied HU | 2,203 (27.5%) |
| Vacant Housing Units | 341 ( 4.3%) |
| Median Home Value | $336,869 |
| Average Home Value | $385,063 |
Housing Distribution
Address Breakdown
Residential
7,515
Single Family
7,385
Multi-Family
130
Businesses
619
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