2831 Summit 2 Condo DrSun ValleyID83353
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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
Total monthly income runs $3,704/mo, and a $7,317/mo payment. Purchase price stands at $1,495,000, and rental yield measures 2.97% with $3,704/mo rent. Return on cash invested shows 6.21% in year one, and 5% annual appreciation builds toward $413,041 over five years. Five-year ROI reaches 29.42% and total cumulative return in cash records $142,525. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,704/mo property income covering a $7,317/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$2,461 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83353, Sun Valley, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,845 (100%) |
| Owner Occupied HU | 784 (27.6%) |
| Renter Occupied HU | 200 ( 7.0%) |
| Vacant Housing Units | 1,861 (65.4%) |
| Median Home Value | $1,087,571 |
| Average Home Value | $1,264,633 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
163
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Listed by: Burnett Properties • Keller Williams Sun Valley Southern Idaho
Mls Name: Sun Valley BOR MLS
Mls Provider:
Mls ID: #25-333168
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).