560 Formation AveSoda SpringsID83276
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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 Soda Springs at 560 Formation Ave, Soda Springs, ID, 83276 priced at $349,000 converts $2,434/mo rent into $426/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,434/mo, and annual cash flow totals $5,117/yr on $115,694 invested. Return on cash invested prints 24.33% in year one, and rental yield reads 8.37% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 126% and total cumulative return in cash sums $145,776. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,434/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83276, Soda Springs, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,050 (100%) |
| Owner Occupied HU | 1,370 (66.8%) |
| Renter Occupied HU | 399 (19.5%) |
| Vacant Housing Units | 281 (13.7%) |
| Median Home Value | $328,870 |
| Average Home Value | $381,221 |
Housing Distribution
Address Breakdown
Residential
1,485
Single Family
1,421
Multi-Family
64
Businesses
234
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Listed by: Rikki Wood • Gate City Real Estate
Mls Name: PCTMLS
Mls ID: #579996