2220 W Cherry LnBoiseID83705
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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
Investment property for sale in Boise at 2220 W Cherry Ln, Boise, ID, 83705 with 5% annual appreciation on a $555,000 basis while $3,595/mo rent supports operations. Total monthly income totals $3,595/mo and a $2,716/mo payment preserves $403/mo for cash returns. Annual cash flow comes to $4,831/yr on $182,595 deployed, and return on cash invested reaches 22.71% in year one. Equity gained on principal adds $3,581/yr, and five-year appreciation sums $153,336 alongside rental yield of 7.77%. Five-year ROI measures 117.23% and total cumulative return in cash totals $214,064.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,595/mo property income versus a $2,716/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
0.25 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
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Listed by: Jessica Luque • Anthology
Mls Name: IMLS
Mls Provider:
Mls ID: #98925278
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.