408 Hill Rd SMelbaID83641
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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 Melba at 408 Hill Rd S, Melba, ID, 83641 offers $3,876/mo rent that, after a $4,454/mo payment. Total monthly income is $3,876/mo. Return on cash invested measures 14.61% in year one, and rental yield stands at 5.11% at a $909,900 entry. Equity gained on principal adds $5,871/yr while 5% annual appreciation compounds into $251,389 by year five. Five-year ROI records 73.82% and total cumulative return in cash reaches $220,992. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,876/mo property income versus a $4,454/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
4.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83641, Melba, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,378 (100%) |
| Owner Occupied HU | 1,029 (74.7%) |
| Renter Occupied HU | 269 (19.5%) |
| Vacant Housing Units | 80 ( 5.8%) |
| Median Home Value | $502,997 |
| Average Home Value | $559,441 |
Housing Distribution
Address Breakdown
Residential
1,366
Single Family
1,366
Multi-Family
0
Businesses
73
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