531 W Idaho AveHomedaleID83628
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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 Homedale at 531 W Idaho Ave, Homedale, ID, 83628 uses $116,986 cash to close to unlock $4,237/yr annual cash flow and $353/mo monthly cash flow. Total monthly income runs $2,383/mo, and a $1,727/mo payment keeps the spread at $353/mo. Purchase price stands at $352,900, and rental yield measures 8.1% with $2,383/mo rent. Return on cash invested shows 23.53% in year one, and 5% annual appreciation builds toward $97,500 over five years. Five-year ROI reaches 121.73% and total cumulative return in cash records $142,404. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,383/mo property income covering a $1,727/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83628, Homedale, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,969 (100%) |
| Owner Occupied HU | 1,424 (72.3%) |
| Renter Occupied HU | 474 (24.1%) |
| Vacant Housing Units | 71 ( 3.6%) |
| Median Home Value | $319,900 |
| Average Home Value | $342,205 |
Housing Distribution
Address Breakdown
Residential
1,766
Single Family
1,709
Multi-Family
57
Businesses
148
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Listed by: Jeremy Alspaugh • Silvercreek Realty Group
Mls Name: IMLS
Mls Provider:
Mls ID: #98961706
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.