416 2nd StWallaceID83873
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 416 2nd St, Wallace, ID, 83873 in Wallace is capital appreciation. Rental yield 5.94%. The 5.94% gross yield at $459,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $126,813 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (1.10) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $149,572.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 5.0% |
| Monthly Cash Flow | $(368) | $300 |
City averages based on Wallace market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,273 |
| Total Monthly Debt Service | $2,458 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83873, Wallace, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,429 (100%) |
| Owner Occupied HU | 729 (51.0%) |
| Renter Occupied HU | 310 (21.7%) |
| Vacant Housing Units | 390 (27.3%) |
| Median Home Value | $288,966 |
| Average Home Value | $319,760 |
Housing Distribution
Address Breakdown
Residential
792
Single Family
682
Multi-Family
110
Businesses
184
Nearby investment properties with comparable rents
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
Single Family
Built in 1920
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83873, Wallace, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,429 (100%) |
| Owner Occupied HU | 729 (51.0%) |
| Renter Occupied HU | 310 (21.7%) |
| Vacant Housing Units | 390 (27.3%) |
| Median Home Value | $288,966 |
| Average Home Value | $319,760 |
Housing Distribution
Address Breakdown
Residential
792
Single Family
682
Multi-Family
110
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices