31961 N 3rd 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
Total monthly income runs $3,386/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 6.26% with $3,386/mo rent. Return on cash invested shows 18.1% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 92.55% and total cumulative return in cash records $197,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,386/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.33 Acres 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: Mike Drake • EXP Realty
Mls Name: Coeur d'Alene MLS
Mls ID: #25-5297