2656 Ridge Ln #56Sun ValleyID83353
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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 Sun Valley at 2656 Ridge Ln #56, Sun Valley, ID, 83353 generates $2,758/mo in rent, after a $2,545/mo payment. Total monthly income is $2,758/mo. Return on cash invested sits at 18.42% in year one, and rental yield is 6.36% on a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 94.27% and total cumulative return in cash sums $161,279. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,758/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83353, Sun Valley, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,845 (100%) |
| Owner Occupied HU | 784 (27.6%) |
| Renter Occupied HU | 200 ( 7.0%) |
| Vacant Housing Units | 1,861 (65.4%) |
| Median Home Value | $1,087,571 |
| Average Home Value | $1,264,633 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
163
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Listed by: Marian Bailey Brooks • Keller Williams Sun Valley Southern Idaho
Mls Name: Sun Valley BOR MLS
Mls ID: #24-331962