389 Margette WayIdaho FallsID83402
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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 Idaho Falls at 389 Margette Way, Idaho Falls, ID, 83402 priced at $525,000 converts $2,818/mo rent into after a $2,570/mo obligation. Total monthly income equals $2,818/mo. Return on cash invested prints 18.65% in year one, and rental yield reads 6.44% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 95.51% and total cumulative return in cash sums $164,973. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,818/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in 1986
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83402, Idaho Falls, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 7,667 (60.0%) |
| Renter Occupied HU | 4,234 (33.1%) |
| Vacant Housing Units | 881 ( 6.9%) |
| Median Home Value | $349,931 |
| Average Home Value | $381,138 |
Housing Distribution
Address Breakdown
Residential
11,881
Single Family
10,988
Multi-Family
893
Businesses
1,362
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Listed by: The Nelson Group • Keller Williams Realty East Idaho
Mls Name: SRMLS
Mls Provider:
Mls ID: #2177393
Disclaimer: Copyright Snake River MLS. All rights reserved. Information is deemed reliable but not guaranteed.