32753 N 2nd 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 32753 N 2nd Ave, Spirit lake, ID, 83869 uses $119,307 cash to close to unlock $61/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $2,076/mo, and a $1,762/mo payment keeps the spread at $5/mo. Purchase price stands at $359,900, and rental yield measures 6.92% with $2,076/mo rent. Return on cash invested shows 19.96% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 102.58% and total cumulative return in cash records $122,390. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,076/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.35 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: Angie Dethloff • CENTURY 21 BEUTLER & ASSOCIATES
Mls Name: SELMLS
Mls ID: #20251125