3290 E Garnet StIdaho FallsID83401
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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 Idaho Falls at 3290 E Garnet St, Idaho Falls, ID, 83401 offers a 10.02% rental yield on a $260,000 purchase with $2,172/mo rent. Total monthly income registers $2,172/mo, and a $1,273/mo payment leaves $676/mo available for distribution. Annual cash flow reaches $8,110/yr on $86,190 to close, and return on cash invested stands at 29.32% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 152.72% and total cumulative return in cash at $131,633. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,172/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83401, Idaho Falls, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,087 (100%) |
| Owner Occupied HU | 12,748 (70.5%) |
| Renter Occupied HU | 4,637 (25.6%) |
| Vacant Housing Units | 702 ( 3.9%) |
| Median Home Value | $401,318 |
| Average Home Value | $419,996 |
Housing Distribution
Address Breakdown
Residential
16,929
Single Family
16,027
Multi-Family
902
Businesses
1,307
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Listed by: Luke Stallings • Edge Real Estate
Mls Name: SRMLS
Mls ID: #2181277