851 Lake Cleveland StBurleyID83318
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
Investment property for sale in Burley at 851 Lake Cleveland St, Burley, ID, 83318 uses $192,465 cash to close to unlock $22/yr annual cash flow and $2/mo monthly cash flow. Total monthly income runs $3,377/mo, and a $2,863/mo payment keeps the spread at $2/mo. Purchase price stands at $585,000, and rental yield measures 6.93% with $3,377/mo rent. Return on cash invested shows 20.07% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 103.12% and total cumulative return in cash records $198,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,377/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.29 Acres lot
$N/A/sqft
$120 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83318, Burley, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,166 (100%) |
| Owner Occupied HU | 4,605 (64.3%) |
| Renter Occupied HU | 2,200 (30.7%) |
| Vacant Housing Units | 361 ( 5.0%) |
| Median Home Value | $335,600 |
| Average Home Value | $399,917 |
Housing Distribution
Address Breakdown
Residential
6,844
Single Family
6,644
Multi-Family
200
Businesses
865
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lexi Koyle • Rocky Mountain Real Estate Bro
Mls Name: IMLS
Mls Provider:
Mls ID: #98917238
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.