2214 S Hervey StBoiseID83705
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
Investment property for sale in Boise at 2214 S Hervey St, Boise, ID, 83705 uses $287,875 cash to close to unlock $7,343/yr annual cash flow and $612/mo monthly cash flow. Total monthly income runs $5,646/mo, and a $4,283/mo payment keeps the spread at $612/mo. Purchase price stands at $875,000, and rental yield measures 7.74% with $5,646/mo rent. Return on cash invested shows 22.61% in year one, and 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 116.72% and total cumulative return in cash records $335,999. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,646/mo property income covering a $4,283/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83705, Boise, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,026 (100%) |
| Owner Occupied HU | 6,945 (53.3%) |
| Renter Occupied HU | 5,439 (41.8%) |
| Vacant Housing Units | 642 ( 4.9%) |
| Median Home Value | $483,629 |
| Average Home Value | $559,393 |
Housing Distribution
Address Breakdown
Residential
12,844
Single Family
12,279
Multi-Family
565
Businesses
1,465
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices