5077 W Nursery LnSpirit LakeID83869
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
Rental property for sale in Spirit Lake at 5077 W Nursery Ln, Spirit Lake, ID, 83869 generates $3,244/mo in rent, after a $3,911/mo payment. Total monthly income is $3,244/mo. Return on cash invested sits at 13.88% in year one, and rental yield is 4.87% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 69.94% and total cumulative return in cash sums $183,858. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,244/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
10.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83869, Spirit Lake, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,565 (100%) |
| Owner Occupied HU | 1,892 (73.8%) |
| Renter Occupied HU | 230 ( 9.0%) |
| Vacant Housing Units | 443 (17.3%) |
| Median Home Value | $494,045 |
| Average Home Value | $591,882 |
Housing Distribution
Address Breakdown
Residential
1,400
Single Family
1,399
Multi-Family
1
Businesses
114
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Courtney Lampert • NextHome 365 Realty
Mls Name: Coeur d'Alene MLS
Mls ID: #26-591