280 E Lorene St UNIT 23201RexburgID83440
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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 Rexburg at 280 E Lorene St UNIT 23201, Rexburg, ID, 83440 offers a 8.13% rental yield on a $212,000 purchase with $1,436/mo rent. 86% in year one. Equity gained on principal adds $1,368/yr while 5% annual appreciation supports $58,572 over five years. Portfolio math shows five-year ROI at 103.33% and total cumulative return in cash at $72,619. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,436/mo property income against a $1,038/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2022
914.76 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83440, Rexburg, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,135 (100%) |
| Owner Occupied HU | 5,684 (37.6%) |
| Renter Occupied HU | 7,790 (51.5%) |
| Vacant Housing Units | 1,661 (11.0%) |
| Median Home Value | $431,484 |
| Average Home Value | $458,309 |
Housing Distribution
Address Breakdown
Residential
14,761
Single Family
13,081
Multi-Family
1,680
Businesses
1,135
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