301 Main StElk CityID83525
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 301 Main St, Elk City, ID, 83525 offers a 7.41% rental yield on a $195,000 purchase with $1,204/mo rent. Total monthly income registers $1,204/mo, and a $954/mo payment leaves $83/mo available for distribution. Annual cash flow reaches $991/yr on $64,643 to close, and return on cash invested stands at 21.44% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 110.52% and total cumulative return in cash at $71,446. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,204/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,268 sqft 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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