611 Cardinal LnSpirit LakeID83869
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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 Spirit Lake at 611 Cardinal Ln, Spirit Lake, ID, 83869 at $1,785,000 posts ROI 1.55% with from $1,200/mo rent. Total monthly income equals $1,200/mo. Return on cash invested measures 1.55% and rental yield reads 0.81% at the current $1,785,000. Equity gained on principal adds $11,518/yr, and 5% annual appreciation supports $493,163 by year five. Five-year ROI prints 3.72% and total cumulative return in cash totals $21,486. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,200/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2016
15.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83869, Spirit Lake, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,565 (100%) |
| Owner Occupied HU | 1,892 (73.8%) |
| Renter Occupied HU | 230 ( 9.0%) |
| Vacant Housing Units | 443 (17.3%) |
| Median Home Value | $494,045 |
| Average Home Value | $591,882 |
Housing Distribution
Address Breakdown
Residential
1,400
Single Family
1,399
Multi-Family
1
Businesses
114
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Listed by: Will Stafford • HEART AND HOMES NW REALTY
Mls Name: SELMLS
Mls ID: #20252128