280 E 2nd St SDowneyID83234
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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 Downey at 280 E 2nd St S, Downey, ID, 83234 listed at $219,000 pairs $1,055/mo rent with a $1,072/mo payment. Total monthly income runs $1,055/mo. Return on cash invested measures 16.52% in year one, and rental yield registers 5.78% at a $219,000 basis. Equity gained on principal adds $1,413/yr, and annual property appreciation at 5% supports $60,506 by year five. Five-year ROI tracks 84.18% and total cumulative return in cash totals $61,113. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,055/mo property income relative to a $1,072/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
6,272 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83234, Downey, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 658 (100%) |
| Owner Occupied HU | 443 (67.3%) |
| Renter Occupied HU | 66 (10.0%) |
| Vacant Housing Units | 149 (22.6%) |
| Median Home Value | $209,052 |
| Average Home Value | $256,981 |
Housing Distribution
Address Breakdown
Residential
278
Single Family
278
Multi-Family
0
Businesses
32
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