2300 N Iris LnBoiseID83704
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 2300 N Iris Ln, Boise, ID, 83704 uses $46,079 cash to close to unlock $3,068/yr annual cash flow and $256/mo monthly cash flow. Total monthly income runs $1,055/mo, and a $680/mo payment keeps the spread at $256/mo. Purchase price stands at $139,000, and rental yield measures 9.11% with $1,055/mo rent. Return on cash invested shows 26.57% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 138.02% and total cumulative return in cash records $63,596. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,055/mo property income covering a $680/mo payment rather than investor’s personal income.
Manufactured
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83704, Boise, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,240 (100%) |
| Owner Occupied HU | 10,751 (58.9%) |
| Renter Occupied HU | 6,951 (38.1%) |
| Vacant Housing Units | 538 ( 2.9%) |
| Median Home Value | $458,695 |
| Average Home Value | $490,450 |
Housing Distribution
Address Breakdown
Residential
17,527
Single Family
16,389
Multi-Family
1,138
Businesses
1,556
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices