220 I Ave EJeromeID83338
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
Investment Highlights
Rental property for sale in Jerome at 220 I Ave E, Jerome, ID, 83338 priced at $355,000 converts $2,576/mo rent into $533/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,576/mo, and annual cash flow totals $6,399/yr on $117,683 invested. Return on cash invested prints 25.35% in year one, and rental yield reads 8.71% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 131.45% and total cumulative return in cash sums $154,692. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,576/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.38 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices