583 E Watercress LnEagleID83616
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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 Eagle at 583 E Watercress Ln, Eagle, ID, 83616 priced at $119,900 converts $955/mo rent into $265/mo cash flow after a $587/mo obligation. Total monthly income equals $955/mo, and annual cash flow totals $3,181/yr on $39,747 invested. Return on cash invested prints 27.91% in year one, and rental yield reads 9.56% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 145.31% and total cumulative return in cash sums $57,756. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $955/mo property income covering a $587/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No 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
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