590 W 24th StBurleyID83318
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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 Burley at 590 W 24th St, Burley, ID, 83318 uses $134,258 cash to close to unlock $2,524/yr annual cash flow and $210/mo monthly cash flow. Total monthly income runs $2,540/mo, and a $1,982/mo payment keeps the spread at $210/mo. Purchase price stands at $405,000, and rental yield measures 7.53% with $2,540/mo rent. Return on cash invested shows 21.79% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 112.37% and total cumulative return in cash records $150,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,540/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Single Family
Built in 2022
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83318, Burley, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,166 (100%) |
| Owner Occupied HU | 4,605 (64.3%) |
| Renter Occupied HU | 2,200 (30.7%) |
| Vacant Housing Units | 361 ( 5.0%) |
| Median Home Value | $335,600 |
| Average Home Value | $399,917 |
Housing Distribution
Address Breakdown
Residential
6,844
Single Family
6,644
Multi-Family
200
Businesses
865
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