513 Randolph 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
Rental property for sale in Melba at 513 Randolph Ave, Melba, ID, 83641 priced at $290,000 converts $1,825/mo rent into $157/mo cash flow after a $1,419/mo obligation. Total monthly income equals $1,825/mo, and annual cash flow totals $1,885/yr on $96,135 invested. Return on cash invested prints 21.87% in year one, and rental yield reads 7.55% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 112.82% and total cumulative return in cash sums $108,460. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,825/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Manufactured
Built in 1987
9,583 sqft 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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