391 Outback LoopSpirit 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
Rental property for sale in Spirit Lake at 391 Outback Loop, Spirit Lake, ID, 83869 priced at $550,000 pairs $1,855/mo rent with after a $2,692/mo payment. Total monthly income equals $1,855/mo. Return on cash invested is 11.11% in year one, and rental yield stands at 4.05% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 55.16% and total cumulative return in cash reaches $99,814. For financing, Ziffy Mortgage’s DSCR program evaluates $1,855/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2019
6.47 Acres lot
$N/A/sqft
$40 monthly 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: Suzie Hatfield • CENTURY 21 RIVERSTONE
Mls Name: SELMLS
Mls Provider:
Mls ID: #20252096
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.