3010 Simon StIdaho FallsID83402
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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 Idaho Falls at 3010 Simon St, Idaho Falls, ID, 83402 generates $2,758/mo in rent and, after a $2,188/mo payment, leaves $186/mo in cash flow. Total monthly income is $2,758/mo, and annual cash flow is $2,236/yr on $148,181 invested. Return on cash invested sits at 21.42% in year one, and rental yield is 7.4% on a $447,000 entry. Equity gained on principal adds $2,884/yr, while 5% annual appreciation builds toward $123,498 over five years. Five-year ROI reaches 110.38% and total cumulative return in cash sums $163,560. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,758/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83402, Idaho Falls, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 7,667 (60.0%) |
| Renter Occupied HU | 4,234 (33.1%) |
| Vacant Housing Units | 881 ( 6.9%) |
| Median Home Value | $349,931 |
| Average Home Value | $381,138 |
Housing Distribution
Address Breakdown
Residential
11,881
Single Family
10,988
Multi-Family
893
Businesses
1,362
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Listed by: Trina Forbush • Silvercreek Realty Group
Mls Name: SRMLS
Mls ID: #2178702