32649 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
Investment property for sale in Spirit Lake at 32649 N 3rd Ave, Spirit Lake, ID, 83869 offers a 9.85% rental yield on a $325,000 purchase with $2,668/mo rent. Total monthly income registers $2,668/mo, and a $1,591/mo payment leaves $798/mo available for distribution. Annual cash flow reaches $9,576/yr on $107,738 to close, and return on cash invested stands at 28.8% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 149.98% and total cumulative return in cash at $161,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,668/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.32 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: Keri Stanley • Keller Williams Realty Coeur d'Alene
Mls Name: Coeur d'Alene MLS
Mls Provider:
Mls ID: #25-5585
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