568 2nd St ERirieID83443
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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 Ririe at 568 2nd St E, Ririe, ID, 83443 offers a 11.23% rental yield on a $295,000 purchase with $2,760/mo rent. Total monthly income registers $2,760/mo, and a $1,444/mo payment leaves $1,063/mo available for distribution. Annual cash flow reaches $12,753/yr on $97,793 to close, and return on cash invested stands at 32.95% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 172.21% and total cumulative return in cash at $168,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1909
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83443, Ririe, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 499 (100%) |
| Owner Occupied HU | 352 (70.5%) |
| Renter Occupied HU | 77 (15.4%) |
| Vacant Housing Units | 70 (14.0%) |
| Median Home Value | $513,462 |
| Average Home Value | $493,565 |
Housing Distribution
Address Breakdown
Residential
207
Single Family
207
Multi-Family
0
Businesses
43
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