986 Parade AveLapwaiID83540
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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 Lapwai at 986 Parade Ave, Lapwai, ID, 83540 offers a 0% rental yield on a $260,000 purchase with $0/mo rent. 92% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2020
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83540, Lapwai, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 846 (100%) |
| Owner Occupied HU | 581 (68.7%) |
| Renter Occupied HU | 207 (24.5%) |
| Vacant Housing Units | 58 ( 6.9%) |
| Median Home Value | $371,739 |
| Average Home Value | $417,616 |
Housing Distribution
Address Breakdown
Residential
350
Single Family
350
Multi-Family
0
Businesses
38
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No similar rental properties found nearby.
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Listed by: Chantelle Souther • Century 21 Price Right
Mls Name: IMLS
Mls Provider:
Mls ID: #98920641
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.