278 N Elk Lake RdNew MeadowsID83654
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
Investment Highlights
Investment property for sale in New Meadows at 278 N Elk Lake Rd, New Meadows, ID, 83654 listed at $1,231,000 pairs $3,047/mo rent with a $6,025/mo payment. Total monthly income runs $3,047/mo. Return on cash invested measures 8.23% in year one, and rental yield registers 2.97% at a $1,231,000 basis. Equity gained on principal adds $7,943/yr, and annual property appreciation at 5% supports $340,103 by year five. Five-year ROI tracks 39.54% and total cumulative return in cash totals $157,704. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,047/mo property income relative to a $6,025/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Nearby investment properties with comparable prices
Listed by: Mary Nuckols • Century 21 Whitewater Clark
Mls Name: IMLS
Mls ID: #98952888