3021 Janessa LnIdaho 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
Investment property for sale in Idaho Falls at 3021 Janessa Ln, Idaho Falls, ID, 83402 uses $91,129 cash to close to unlock $2,629/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,346/mo payment keeps the spread at $219/mo. Purchase price stands at $274,900, and rental yield measures 7.86% with $1,800/mo rent. Return on cash invested shows 22.79% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 117.79% and total cumulative return in cash records $107,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Townhouse
Built in 2013
3,920 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: Murdock Manwaring Cardon • eXp Realty LLC
Mls Name: SRMLS
Mls ID: #2179585