Melrose Place Plan, Creekside at Cartwright RanchBoiseID83714
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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
Rental property for sale in Boise at Melrose Place Plan, Creekside at Cartwright Ranch, Boise, ID, 83714 priced at $776,800 converts $5,396/mo rent into $927/mo cash flow after a $3,802/mo obligation. Total monthly income equals $5,396/mo, and annual cash flow totals $11,127/yr on $255,567 invested. Return on cash invested prints 24.41% in year one, and rental yield reads 8.34% against a $776,800 entry. Equity gained on principal adds $5,013/yr, while 5% annual appreciation compiles into $214,616 by year five. Five-year ROI reaches 126.4% and total cumulative return in cash sums $323,036. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,396/mo property income covering a $3,802/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83714, Garden City, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,610 (100%) |
| Owner Occupied HU | 9,078 (66.7%) |
| Renter Occupied HU | 3,891 (28.6%) |
| Vacant Housing Units | 641 ( 4.7%) |
| Median Home Value | $600,765 |
| Average Home Value | $659,634 |
Housing Distribution
Address Breakdown
Residential
13,026
Single Family
10,186
Multi-Family
2,840
Businesses
1,431
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