318 Carrie Rex AveMelbaID83641
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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 Melba at 318 Carrie Rex Ave, Melba, ID, 83641 listed at $385,000 pairs $1,879/mo rent with a $1,884/mo payment. Total monthly income runs $1,879/mo. Return on cash invested measures 16.75% in year one, and rental yield registers 5.86% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 85.36% and total cumulative return in cash totals $108,946. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,879/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
6,534 sqft 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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