281 Upper Maxwell LnElk CityID83525
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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
Rental property for sale in Elk City at 281 Upper Maxwell Ln, Elk City, ID, 83525 priced at $575,000 converts $1,439/mo rent into after a $2,814/mo obligation. Total monthly income equals $1,439/mo. Return on cash invested prints 8.21% in year one, and rental yield reads 3% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 39.48% and total cumulative return in cash sums $74,687. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,439/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 1994
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83525, Elk City, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 813 (100%) |
| Owner Occupied HU | 241 (29.6%) |
| Renter Occupied HU | 47 ( 5.8%) |
| Vacant Housing Units | 525 (64.6%) |
| Median Home Value | $415,000 |
| Average Home Value | $481,162 |
Housing Distribution
Address Breakdown
Residential
72
Single Family
72
Multi-Family
0
Businesses
34
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Listed by: Kaeli Herrick • Professional Realty Services Idaho
Mls Name: IMLS
Mls Provider:
Mls ID: #98936174
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.