509 Olive AveSandpointID83864
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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 Sandpoint at 509 Olive Ave, Sandpoint, ID, 83864 priced at $600,000 pairs $2,784/mo rent with after a $2,937/mo payment. Total monthly income equals $2,784/mo. Return on cash invested is 16% in year one, and rental yield stands at 5.57% on a $600,000 basis. Equity gained on principal adds $3,872/yr, and 5% annual appreciation accumulates to $165,769 by year five. Five-year ROI measures 81.26% and total cumulative return in cash reaches $160,404. For financing, Ziffy Mortgage’s DSCR program evaluates $2,784/mo property income against a $2,937/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83864, Sandpoint, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,075 (100%) |
| Owner Occupied HU | 6,405 (57.8%) |
| Renter Occupied HU | 2,599 (23.5%) |
| Vacant Housing Units | 2,071 (18.7%) |
| Median Home Value | $569,571 |
| Average Home Value | $622,888 |
Housing Distribution
Address Breakdown
Residential
8,825
Single Family
8,203
Multi-Family
622
Businesses
1,302
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