2887 Dixie RdElk 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
Investment property for sale in Elk City at 2887 Dixie Rd, Elk City, ID, 83525 offers a 3.21% rental yield on a $599,000 purchase with $1,604/mo rent. 84% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 42.88% and total cumulative return in cash at $84,514. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,604/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.91 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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