259 E Locust StShelleyID83274
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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 Shelley at 259 E Locust St, Shelley, ID, 83274 generates $1,357/mo in rent, after a $1,333/mo payment. Total monthly income is $1,357/mo. Return on cash invested sits at 17.12% in year one, and rental yield is 5.98% on a $272,400 entry. Equity gained on principal adds $1,758/yr, while 5% annual appreciation builds toward $75,259 over five years. Five-year ROI reaches 87.36% and total cumulative return in cash sums $78,887. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,357/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
7,448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83274, Shelley, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,839 (100%) |
| Owner Occupied HU | 2,977 (77.5%) |
| Renter Occupied HU | 700 (18.2%) |
| Vacant Housing Units | 162 ( 4.2%) |
| Median Home Value | $397,014 |
| Average Home Value | $450,489 |
Housing Distribution
Address Breakdown
Residential
3,761
Single Family
3,693
Multi-Family
68
Businesses
181
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