606 Residence StWallaceID83873
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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 Wallace at 606 Residence St, Wallace, ID, 83873 at $328,000 posts ROI 21.08% with $106/mo cash flow from $1,993/mo rent. Total monthly income equals $1,993/mo, and annual cash flow records $1,278/yr on $108,732 to close. Return on cash invested measures 21.08% and rental yield reads 7.29% at the current $328,000. Equity gained on principal adds $2,117/yr, and 5% annual appreciation supports $90,620 by year five. Five-year ROI prints 108.59% and total cumulative return in cash totals $118,075.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,993/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1932
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83873, Wallace, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,429 (100%) |
| Owner Occupied HU | 729 (51.0%) |
| Renter Occupied HU | 310 (21.7%) |
| Vacant Housing Units | 390 (27.3%) |
| Median Home Value | $288,966 |
| Average Home Value | $319,760 |
Housing Distribution
Address Breakdown
Residential
792
Single Family
682
Multi-Family
110
Businesses
184
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Listed by: Jo Turner • The Experience Northwest
Mls Name: Coeur d'Alene MLS
Mls Provider:
Mls ID: #25-6695
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.