407 Hope StKootenaiID83840
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Nearby investment properties with comparable prices
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 Kootenai at 407 Hope St, Kootenai, ID, 83840 priced at $375,000 converts $2,311/mo rent into $154/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,311/mo, and annual cash flow totals $1,849/yr on $124,313 invested. Return on cash invested prints 21.4% in year one, and rental yield reads 7.4% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 110.28% and total cumulative return in cash sums $137,091. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,311/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1915
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83840, Kootenai, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 183 (100%) |
| Owner Occupied HU | 136 (74.3%) |
| Renter Occupied HU | 39 (21.3%) |
| Vacant Housing Units | 8 ( 4.4%) |
| Median Home Value | $386,486 |
| Average Home Value | $420,147 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
23
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