83 Bingham WayPriest RiverID83856
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
Investment Highlights
Rental property for sale in Priest River at 83 Bingham Way, Priest River, ID, 83856 priced at $389,900 converts $2,724/mo rent into $481/mo cash flow after a $1,908/mo obligation. Total monthly income equals $2,724/mo, and annual cash flow totals $5,776/yr on $129,252 invested. Return on cash invested prints 24.38% in year one, and rental yield reads 8.38% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 126.25% and total cumulative return in cash sums $163,177. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,724/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83856, Priest River, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,088 (100%) |
| Owner Occupied HU | 2,466 (60.3%) |
| Renter Occupied HU | 520 (12.7%) |
| Vacant Housing Units | 1,102 (27.0%) |
| Median Home Value | $492,508 |
| Average Home Value | $583,578 |
Housing Distribution
Address Breakdown
Residential
2,585
Single Family
2,541
Multi-Family
44
Businesses
203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Roger Lowe • LOWES FLAT FEE REALTY A HOMEZU PARTNER
Mls Name: SELMLS
Mls ID: #20252239