242 Gladstone StIdaho FallsID83401
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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 Idaho Falls at 242 Gladstone St, Idaho Falls, ID, 83401 priced at $350,000 converts $1,057/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,057/mo. Return on cash invested prints 10.02% in year one, and rental yield reads 3.62% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 49.23% and total cumulative return in cash sums $57,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,057/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Multi Family
Built in 1950
6,202 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83401, Idaho Falls, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,087 (100%) |
| Owner Occupied HU | 12,748 (70.5%) |
| Renter Occupied HU | 4,637 (25.6%) |
| Vacant Housing Units | 702 ( 3.9%) |
| Median Home Value | $401,318 |
| Average Home Value | $419,996 |
Housing Distribution
Address Breakdown
Residential
16,929
Single Family
16,027
Multi-Family
902
Businesses
1,307
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Listed by: Jennifer Walker • Evolv Brokerage
Mls Name: SRMLS
Mls ID: #2178420