280 3rd Ave #24KetchumID83340
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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
Investment property for sale in Ketchum at 280 3rd Ave #24, Ketchum, ID, 83340 uses $272,741 cash to close to unlock $869/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $5,376/mo, and a $4,058/mo payment keeps the spread at $72/mo. Purchase price stands at $829,000, and rental yield measures 7.78% with $5,376/mo rent. Return on cash invested shows 20.38% in year one, and 5% annual appreciation builds toward $229,037 over five years. Five-year ROI reaches 105.61% and total cumulative return in cash records $288,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,376/mo property income covering a $4,058/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$534 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83340, Ketchum, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,468 (100%) |
| Owner Occupied HU | 1,579 (35.3%) |
| Renter Occupied HU | 771 (17.3%) |
| Vacant Housing Units | 2,118 (47.4%) |
| Median Home Value | $973,821 |
| Average Home Value | $1,185,082 |
Housing Distribution
Address Breakdown
Residential
48
Single Family
48
Multi-Family
0
Businesses
569
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Listed by: Stevenson Real Estate Group • Berkshire Hathaway HS Sun Valley Properties
Mls Name: Sun Valley BOR MLS
Mls Provider:
Mls ID: #25-333618
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided by Sun Valley Board of REALTORS/ Sun Valley Multiple Listing Service is deemed reliable but not guaranteed by the MLS. The properties displayed are provided courtesy of Real Estate Brokers participating in the Sun Valley Board of REALTORS/ Sun Valley Multiple Listing Service Internet Data Exchange Program (IDX).