Boise Home For Sale Great Investment Property

Dated: 05/27/2014

Views: 812

Boise Home For Sale - 5626 Moon Land Ave - Boise Idaho

If you are looking for a single family investment property in Boise idaho, then check out this home on 5626 Moon Land Ave.  Built in 2009, so the chances of expensive maintenance issues are minimal. In fact, the home pretty much still looks brand new, which is great for the rental market.  

The rental market for 3 bedroom 2 bath homes with a garage is already very hot, with most property managers reporting 0-2% vacancy rate. Yahoo!
Because it is no longer 2011, it is hard to find nice/newer Boise homes for sale at a price that still pencils. But they are out there. This Boise home is a great example of that. Sure the price of this home would have been closer to $130,000 a few years ago, but the home is still priced well enough to earn yourself a decent return, and Boise is shaping up to be a very healthy market long term.  
Front Street Brokers has worked up an Investment Cash Flow Analysis for this property, the analysis is based on a $150,000 sale price (the home is currently listed at $157,500), not sure what the seller would accept as a sale price, but this spreadsheet will give you an idea of what kind of ROI you could anticipate with this Boise Investment Property, putting down 50k, and financing 100k. We can of course tweak this spreadsheet to reflect the final sale price and other expenses as they become known.  
Click the link to see the CASH FLOW ANALYSIS for this Boise Home For Sale

5626 S. Moon Land Ave is currently estimated to provide an 8.1% cash on cash return in year one. This is really good for the Boise area, because this calculation does not include any possible appreciation on the property.  
Click the link to see the CASH FLOW ANALYSIS for this Boise Home For Sale

Mike Turner

Trivia about Mike: Prior to working in real estate, Mike worked for few years on movies and TV shows around the world as a Camera Boat Operator and Marine Logistics Coordinator, including the TV serie....

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