408 9th Ave NNampaID83687
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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 Nampa at 408 9th Ave N, Nampa, ID, 83687 priced at $299,900 converts $1,626/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,626/mo. Return on cash invested prints 18.71% in year one, and rental yield reads 6.51% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 95.86% and total cumulative return in cash sums $95,296. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,626/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1907
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83687, Nampa, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,400 (100%) |
| Owner Occupied HU | 12,382 (71.2%) |
| Renter Occupied HU | 4,393 (25.2%) |
| Vacant Housing Units | 625 ( 3.6%) |
| Median Home Value | $452,100 |
| Average Home Value | $517,650 |
Housing Distribution
Address Breakdown
Residential
16,660
Single Family
16,483
Multi-Family
177
Businesses
1,247
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Listed by: Amy Shaw • Windermere Real Estate Professionals
Mls Name: IMLS
Mls Provider:
Mls ID: #98941531
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.