6551 Madison StBonners FerryID83805
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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 Bonners Ferry at 6551 Madison St, Bonners Ferry, ID, 83805 uses $114,368 cash to close to unlock $9,236/yr annual cash flow and $770/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,689/mo payment keeps the spread at $770/mo. Purchase price stands at $345,000, and rental yield measures 9.6% with $2,760/mo rent. Return on cash invested shows 27.99% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 145.61% and total cumulative return in cash records $166,528. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1938
0.28 Acres 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
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Listed by: Barry Meyers • NEXTHOME CORNERSTONE REALTY
Mls Name: SELMLS
Mls Provider:
Mls ID: #20242434
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.