278 N Elk Lake RdNew MeadowsID83654
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 278 N Elk Lake Rd, New Meadows, ID, 83654 in New Meadows fits: $1,231,000, 3.23% gross yield, and a projected 5% annual appreciation rate adding $340,103 in value within five years. Rental yield 3.23%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.55) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $11,338/yr in principal paydown and $340,103 in appreciation project a total return of $204,848.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 7.0% |
| Monthly Cash Flow | $(3,460) | $300 |
City averages based on New Meadows market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,047 |
| Total Monthly Debt Service | $6,592 |
| DSCR Ratio | 0.46x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2015
25.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83654, New Meadows, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,260 (100%) |
| Owner Occupied HU | 680 (54.0%) |
| Renter Occupied HU | 151 (12.0%) |
| Vacant Housing Units | 429 (34.0%) |
| Median Home Value | $577,381 |
| Average Home Value | $609,585 |
Housing Distribution
Address Breakdown
Residential
300
Single Family
300
Multi-Family
0
Businesses
68
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
Single Family
Built in 2015
25.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83654, New Meadows, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,260 (100%) |
| Owner Occupied HU | 680 (54.0%) |
| Renter Occupied HU | 151 (12.0%) |
| Vacant Housing Units | 429 (34.0%) |
| Median Home Value | $577,381 |
| Average Home Value | $609,585 |
Housing Distribution
Address Breakdown
Residential
300
Single Family
300
Multi-Family
0
Businesses
68
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Nuckols • Century 21 Whitewater Clark
Mls Name: IMLS
Mls ID: #98952888