508 E Grove AveParmaID83660
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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 Parma at 508 E Grove Ave, Parma, ID, 83660 priced at $180,000 converts $1,359/mo rent into $284/mo cash flow after a $881/mo obligation. Total monthly income equals $1,359/mo, and annual cash flow totals $3,412/yr on $59,670 invested. Return on cash invested prints 25.63% in year one, and rental yield reads 9.06% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 133.28% and total cumulative return in cash sums $79,529. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,359/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1938
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83660, Parma, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,417 (100%) |
| Owner Occupied HU | 1,829 (75.7%) |
| Renter Occupied HU | 468 (19.4%) |
| Vacant Housing Units | 120 ( 5.0%) |
| Median Home Value | $466,477 |
| Average Home Value | $523,090 |
Housing Distribution
Address Breakdown
Residential
2,146
Single Family
2,146
Multi-Family
0
Businesses
130
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Listed by: Melanie Steinhaus • Homes of Idaho
Mls Name: IMLS
Mls Provider:
Mls ID: #98941600
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.