513 Loomis AveMelbaID83641
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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 Melba at 513 Loomis Ave, Melba, ID, 83641 uses $65,969 cash to close to unlock $4,790/yr annual cash flow and $399/mo monthly cash flow. Total monthly income runs $1,544/mo, and a $974/mo payment keeps the spread at $399/mo. Purchase price stands at $199,000, and rental yield measures 9.31% with $1,544/mo rent. Return on cash invested shows 27.17% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 141.28% and total cumulative return in cash records $93,198. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,544/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1925
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83641, Melba, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,378 (100%) |
| Owner Occupied HU | 1,029 (74.7%) |
| Renter Occupied HU | 269 (19.5%) |
| Vacant Housing Units | 80 ( 5.8%) |
| Median Home Value | $502,997 |
| Average Home Value | $559,441 |
Housing Distribution
Address Breakdown
Residential
1,366
Single Family
1,366
Multi-Family
0
Businesses
73
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