256 E Lake Rim LnBoiseID83716
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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 Boise at 256 E Lake Rim Ln, Boise, ID, 83716 generates $4,373/mo in rent and, after a $3,426/mo payment, leaves $346/mo in cash flow. Total monthly income is $4,373/mo, and annual cash flow is $4,155/yr on $230,267 invested. Return on cash invested sits at 21.86% in year one, and rental yield is 7.5% on a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 112.72% and total cumulative return in cash sums $259,568. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,373/mo property income rather than buyer’s personal income.
Townhouse
Built in 2005
8,973 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83716, Boise, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,662 (100%) |
| Owner Occupied HU | 7,389 (76.5%) |
| Renter Occupied HU | 1,448 (15.0%) |
| Vacant Housing Units | 825 ( 8.5%) |
| Median Home Value | $623,936 |
| Average Home Value | $693,803 |
Housing Distribution
Address Breakdown
Residential
9,271
Single Family
8,585
Multi-Family
686
Businesses
345
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