403 E 2 SGraceID83241
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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 Grace at 403 E 2 S, Grace, ID, 83241 offers a 6.21% rental yield on a $539,900 purchase with $2,792/mo rent. 94% in year one. Equity gained on principal adds $3,484/yr while 5% annual appreciation supports $149,164 over five years. Portfolio math shows five-year ROI at 91.67% and total cumulative return in cash at $162,823. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,792/mo property income against a $2,643/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83241, Grace, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 780 (100%) |
| Owner Occupied HU | 575 (73.7%) |
| Renter Occupied HU | 128 (16.4%) |
| Vacant Housing Units | 77 ( 9.9%) |
| Median Home Value | $259,698 |
| Average Home Value | $312,570 |
Housing Distribution
Address Breakdown
Residential
589
Single Family
588
Multi-Family
1
Businesses
58
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