509 16th StLewistonID83501
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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
Investment property for sale in Lewiston at 509 16th St, Lewiston, ID, 83501 uses $74,588 cash to close to unlock $3,718/yr annual cash flow and $310/mo monthly cash flow. Total monthly income runs $1,604/mo, and a $1,101/mo payment keeps the spread at $310/mo. Purchase price stands at $225,000, and rental yield measures 8.55% with $1,604/mo rent. Return on cash invested shows 24.89% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 128.99% and total cumulative return in cash records $96,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,604/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83501, Lewiston, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,634 (100%) |
| Owner Occupied HU | 11,156 (67.1%) |
| Renter Occupied HU | 4,748 (28.5%) |
| Vacant Housing Units | 730 ( 4.4%) |
| Median Home Value | $363,387 |
| Average Home Value | $396,952 |
Housing Distribution
Address Breakdown
Residential
15,777
Single Family
15,154
Multi-Family
623
Businesses
1,512
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