5451 W Blackwell BlvdSpirit LakeID83869
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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 Spirit Lake at 5451 W Blackwell Blvd, Spirit Lake, ID, 83869 generates $2,957/mo in rent, after a $2,540/mo payment. Total monthly income is $2,957/mo. Return on cash invested sits at 19.86% in year one, and rental yield is 6.84% on a $519,000 entry. Equity gained on principal adds $3,349/yr, while 5% annual appreciation builds toward $143,390 over five years. Five-year ROI reaches 101.97% and total cumulative return in cash sums $174,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,957/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83869, Spirit Lake, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,565 (100%) |
| Owner Occupied HU | 1,892 (73.8%) |
| Renter Occupied HU | 230 ( 9.0%) |
| Vacant Housing Units | 443 (17.3%) |
| Median Home Value | $494,045 |
| Average Home Value | $591,882 |
Housing Distribution
Address Breakdown
Residential
1,400
Single Family
1,399
Multi-Family
1
Businesses
114
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Listed by: Jill Rush • REDFIN CORPORATION
Mls Name: SELMLS
Mls ID: #20252172