602 N 5th StParmaID83660
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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 Parma at 602 N 5th St, Parma, ID, 83660 uses $152,159 cash to close to unlock $10,596/yr annual cash flow and $883/mo monthly cash flow. Total monthly income runs $3,524/mo, and a $2,247/mo payment keeps the spread at $883/mo. Purchase price stands at $459,000, and rental yield measures 9.21% with $3,524/mo rent. Return on cash invested shows 26.87% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 139.64% and total cumulative return in cash records $212,471. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,524/mo property income covering a $2,247/mo payment rather than investor’s personal income.
Single Family
Built in 1918
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83660, Parma, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,417 (100%) |
| Owner Occupied HU | 1,829 (75.7%) |
| Renter Occupied HU | 468 (19.4%) |
| Vacant Housing Units | 120 ( 5.0%) |
| Median Home Value | $466,477 |
| Average Home Value | $523,090 |
Housing Distribution
Address Breakdown
Residential
2,146
Single Family
2,146
Multi-Family
0
Businesses
130
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