6490 Polk StBonners FerryID83805
INVESTMENT ANALYSIS
Investment Verdict
Solid Income6490 Polk St, Bonners Ferry, ID, 83805 in Bonners Ferry is a solid income-producing rental, 9.58% gross yield, $1,987/mo rent, $555/mo net cash flow on a $249,000 buy. DSCR 1.77 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $68,794 and $2,293/yr in principal reduction project a total cumulative return of $129,657.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $555 | $200 |
City averages based on Bonners Ferry market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,987 |
| Total Monthly Debt Service | $1,333 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83805, Bonners Ferry, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,181 (100%) |
| Owner Occupied HU | 2,910 (69.6%) |
| Renter Occupied HU | 809 (19.3%) |
| Vacant Housing Units | 462 (11.0%) |
| Median Home Value | $398,825 |
| Average Home Value | $479,766 |
Housing Distribution
Address Breakdown
Residential
3,328
Single Family
3,327
Multi-Family
1
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1955
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83805, Bonners Ferry, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,181 (100%) |
| Owner Occupied HU | 2,910 (69.6%) |
| Renter Occupied HU | 809 (19.3%) |
| Vacant Housing Units | 462 (11.0%) |
| Median Home Value | $398,825 |
| Average Home Value | $479,766 |
Housing Distribution
Address Breakdown
Residential
3,328
Single Family
3,327
Multi-Family
1
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Greenslitt • CENTURY 21 FOUR SEASONS REALTY
Mls Name: SELMLS
Mls Provider:
Mls ID: #20251278
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.