505 N 8th StPayetteID83661
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
Investment Highlights
Investment property for sale in Payette at 505 N 8th St, Payette, ID, 83661 uses $37,294 cash to close to unlock $2,741/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $876/mo, and a $551/mo payment keeps the spread at $228/mo. Purchase price stands at $112,500, and rental yield measures 9.34% with $876/mo rent. Return on cash invested shows 27.26% in year one, and 5% annual appreciation builds toward $31,082 over five years. Five-year ROI reaches 141.75% and total cumulative return in cash records $52,864. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $876/mo property income covering a $551/mo payment rather than investor’s personal income.
Single Family
Built in 1908
5,488 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83661, Payette, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,624 (100%) |
| Owner Occupied HU | 3,123 (67.5%) |
| Renter Occupied HU | 1,302 (28.2%) |
| Vacant Housing Units | 199 ( 4.3%) |
| Median Home Value | $274,292 |
| Average Home Value | $471,386 |
Housing Distribution
Address Breakdown
Residential
4,273
Single Family
4,170
Multi-Family
103
Businesses
365
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices