345 Miller AveBurleyID83318
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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
Rental property for sale in Burley at 345 Miller Ave, Burley, ID, 83318 priced at $315,000 pairs $2,164/mo rent with $352/mo cash flow after a $1,542/mo payment. Total monthly income equals $2,164/mo, and annual cash flow comes to $4,219/yr on $104,423 invested. Return on cash invested is 23.95% in year one, and rental yield stands at 8.24% on a $315,000 basis. Equity gained on principal adds $2,033/yr, and 5% annual appreciation accumulates to $87,029 by year five. Five-year ROI measures 123.94% and total cumulative return in cash reaches $129,425. For financing, Ziffy Mortgage’s DSCR program evaluates $2,164/mo property income against a $1,542/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83318, Burley, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,166 (100%) |
| Owner Occupied HU | 4,605 (64.3%) |
| Renter Occupied HU | 2,200 (30.7%) |
| Vacant Housing Units | 361 ( 5.0%) |
| Median Home Value | $335,600 |
| Average Home Value | $399,917 |
Housing Distribution
Address Breakdown
Residential
6,844
Single Family
6,644
Multi-Family
200
Businesses
865
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Listed by: Lexi Koyle • Rocky Mountain Real Estate Bro
Mls Name: IMLS
Mls Provider:
Mls ID: #98961246
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.