2214 S 1600 EPrestonID83263
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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 Preston at 2214 S 1600 E, Preston, ID, 83263 generates $2,530/mo in rent, after a $6,608/mo payment. Total monthly income is $2,530/mo. Return on cash invested sits at 6% in year one, and rental yield is 2.25% on a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 27.59% and total cumulative return in cash sums $120,689. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,530/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
10.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83263, Preston, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,818 (100%) |
| Owner Occupied HU | 2,861 (74.9%) |
| Renter Occupied HU | 686 (18.0%) |
| Vacant Housing Units | 271 ( 7.1%) |
| Median Home Value | $385,890 |
| Average Home Value | $456,881 |
Housing Distribution
Address Breakdown
Residential
3,624
Single Family
3,624
Multi-Family
0
Businesses
317
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