863 Highway 2OldtownID83822
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 Oldtown at 863 Highway 2, Oldtown, ID, 83822 priced at $500,000 converts $2,312/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,312/mo. Return on cash invested prints 15.82% in year one, and rental yield reads 5.55% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 80.36% and total cumulative return in cash sums $133,196. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,312/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1974
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83822, Oldtown, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,042 (100%) |
| Owner Occupied HU | 781 (75.0%) |
| Renter Occupied HU | 158 (15.2%) |
| Vacant Housing Units | 103 ( 9.9%) |
| Median Home Value | $395,161 |
| Average Home Value | $439,850 |
Housing Distribution
Address Breakdown
Residential
842
Single Family
842
Multi-Family
0
Businesses
48
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Nearby investment properties with comparable prices
Listed by: Leon Vincent • Kelly Right Real Estate
Mls Name: Coeur d'Alene MLS
Mls Provider:
Mls ID: #24-7300
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.