3509 Rocky LnIsland ParkID83429
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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 Island Park at 3509 Rocky Ln, Island Park, ID, 83429 offers $1,752/mo rent that, after a $1,615/mo payment. Total monthly income is $1,752/mo. Return on cash invested measures 18.08% in year one, and rental yield stands at 6.37% at a $330,000 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,173 by year five. Five-year ROI records 92.5% and total cumulative return in cash reaches $101,195. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,752/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
10,018 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83429, Island Park, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,760 (100%) |
| Owner Occupied HU | 508 (13.5%) |
| Renter Occupied HU | 59 ( 1.6%) |
| Vacant Housing Units | 3,193 (84.9%) |
| Median Home Value | $712,302 |
| Average Home Value | $714,218 |
Housing Distribution
Address Breakdown
Residential
636
Single Family
632
Multi-Family
4
Businesses
72
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Listed by: Clinton Farmer • Rainbow Realty
Mls Name: SRMLS
Mls Provider:
Mls ID: #2163483
Disclaimer: Copyright Snake River MLS. All rights reserved. Information is deemed reliable but not guaranteed.