292 Harris View WayMelbaID83641
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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 Melba at 292 Harris View Way, Melba, ID, 83641 generates $2,960/mo in rent, after a $4,351/mo payment. Total monthly income is $2,960/mo. Return on cash invested sits at 11.22% in year one, and rental yield is 4% on a $889,000 entry. Equity gained on principal adds $5,737/yr, while 5% annual appreciation builds toward $245,614 over five years. Five-year ROI reaches 55.65% and total cumulative return in cash sums $162,758. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,960/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83641, Melba, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,378 (100%) |
| Owner Occupied HU | 1,029 (74.7%) |
| Renter Occupied HU | 269 (19.5%) |
| Vacant Housing Units | 80 ( 5.8%) |
| Median Home Value | $502,997 |
| Average Home Value | $559,441 |
Housing Distribution
Address Breakdown
Residential
1,366
Single Family
1,366
Multi-Family
0
Businesses
73
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