31782 N 8th AveSpirit LakeID83869
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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 Spirit Lake at 31782 N 8th Ave, Spirit Lake, ID, 83869 earns $181/mo cash flow from $2,842/mo rent with a $2,264/mo payment. Total monthly income totals $2,842/mo, and annual cash flow totals $2,172/yr on $153,319 capital. ROI tracks 21.33% on current figures, and rental yield reads 7.37% at a $462,500 purchase. Equity gained on principal adds $2,984/yr, and 5% annual appreciation supports $127,780 over five years. Five-year ROI reaches 109.88% and total cumulative return in cash sums $168,474. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,842/mo property income instead of your personal income.
Single Family
Built in 2022
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83869, Spirit Lake, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,565 (100%) |
| Owner Occupied HU | 1,892 (73.8%) |
| Renter Occupied HU | 230 ( 9.0%) |
| Vacant Housing Units | 443 (17.3%) |
| Median Home Value | $494,045 |
| Average Home Value | $591,882 |
Housing Distribution
Address Breakdown
Residential
1,400
Single Family
1,399
Multi-Family
1
Businesses
114
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Listed by: Renee Bentley • NextHome 365 Realty
Mls Name: Coeur d'Alene MLS
Mls ID: #25-11644