4024 Choctaw RdIsland 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
Investment property for sale in Island Park at 4024 Choctaw Rd, Island Park, ID, 83429 offers a 5.11% rental yield on a $264,999 purchase with $1,129/mo rent. 51% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,214 over five years. Portfolio math shows five-year ROI at 73.33% and total cumulative return in cash at $64,419. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,129/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1972
0.29 Acres lot
$N/A/sqft
No 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: Jason Lichtenstein • Silvercreek Realty Group
Mls Name: SRMLS
Mls ID: #2178430