617 W Main StLava Hot SpringsID83246
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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 Lava Hot Springs at 617 W Main St, Lava Hot Springs, ID, 83246 priced at $529,000 converts $1,498/mo rent into after a $2,589/mo obligation. Total monthly income equals $1,498/mo. Return on cash invested prints 9.41% in year one, and rental yield reads 3.4% against a $529,000 entry. Equity gained on principal adds $3,414/yr, while 5% annual appreciation compiles into $146,153 by year five. Five-year ROI reaches 45.91% and total cumulative return in cash sums $79,901. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,498/mo property income covering a $2,589/mo payment, not borrower’s personal income.
Manufactured
Built in 1984
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83246, Lava Hot Springs, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 635 (100%) |
| Owner Occupied HU | 351 (55.3%) |
| Renter Occupied HU | 94 (14.8%) |
| Vacant Housing Units | 190 (29.9%) |
| Median Home Value | $454,580 |
| Average Home Value | $576,083 |
Housing Distribution
Address Breakdown
Residential
245
Single Family
245
Multi-Family
0
Businesses
63
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Listed by: Julie Hill • Signature Real Estate
Mls Name: PCTMLS
Mls ID: #581068