516 E Ridge DrEagleID83616
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Eagle at 516 E Ridge Dr, Eagle, ID, 83616 offers $3,989/mo rent that, after a $3,816/mo payment. Total monthly income is $3,989/mo. Return on cash invested measures 17.58% in year one, and rental yield stands at 6.14% at a $779,750 entry. Equity gained on principal adds $5,032/yr while 5% annual appreciation compounds into $215,431 by year five. Five-year ROI records 89.82% and total cumulative return in cash reaches $230,422. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,989/mo property income versus a $3,816/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
8,276 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83616, Eagle, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,772 (100%) |
| Owner Occupied HU | 12,417 (78.7%) |
| Renter Occupied HU | 2,340 (14.8%) |
| Vacant Housing Units | 1,015 ( 6.4%) |
| Median Home Value | $776,460 |
| Average Home Value | $872,473 |
Housing Distribution
Address Breakdown
Residential
14,641
Single Family
14,555
Multi-Family
86
Businesses
1,562
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Lyon • Coldwell Banker Tomlinson
Mls Name: IMLS
Mls Provider:
Mls ID: #98950032
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.