1448 Malta Ave · Burley, ID 83318

$185,000

3 bd · 1.0 ba · 1,160 sqft · Other public records · 39 Days on market

Built 1948 6,098 sqft lot

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.3/30.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 6,098 sq ft lot
• Built 1948
• Listed 38 days

Property features AI

Exterior

• Home design: Single-family residence; Built in 1948
• Construction: Frame construction
• Exterior features: Standard lot (6,000–9,999 SF)

Interior

• Kitchen: Kitchen on main level
• Bedrooms: Three bedrooms total; Main-level primary bedroom; Two upper-level bedrooms
• Bathrooms: One bathroom
• Heating & cooling: No heating; No cooling
• Interior features: Main-level living room; Main-level kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $185k.

Deal economics

• At list price, monthly cash flow is $34 ($412/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $148k (20.1% below list).
• Recommended offer: $148k (20.1% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 2.3% in Burley — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#32 in ID, #4,536 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, amenities F, commute F.
• Cassia County Joint District (town): math 37% / reading 47% proficiency, ranked #59 of 92 in ID (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Dworshak Elementary School (math 45% / reading 50%, grade D, #175 of 357 statewide, top 49%, 405 students, 60% FRL); Burley Junior High School (math 32% / reading 39%, grade F, #80 of 109 statewide, top 74%, 550 students, 46% FRL); Burley Senior High School (math 26% / reading 47%, grade F, #105 of 169 statewide, top 63%, 1,055 students, 39% FRL).
• Market conditions: 118 active listings in the ZIP; 140 units permitted in Cassia County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Cassia County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($179k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $147,862 (20.1% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.80% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.79%
• DSCR: 1.04
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.1%
• Equity multiple: 0.46×
• Total profit: $-27,859
• Equity at exit: $27,584

10-year hold

• IRR: -6.6%
• Equity multiple: 0.58×
• Total profit: $-21,716
• Equity at exit: $15,995

Cash invested: $51,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 91 Strongly Landlord-Friendly
• State Idaho: 91 Strongly Landlord-Friendly · R+18
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempted; minimal tenant protections.

Methodology + full state rankings →

ZIP-level market 83318

• Home prices YoY: -25.2%
• Active inventory: 118
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,479 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$87 /mo · $1,039/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $34

Break-even live

Break-even rent $1,435

Max offer price $185,000

Occupancy floor 93%

Sensitivity live

Price	-10% $139	-5% $87	+0% $34	+5% $-18	+10% $-70
Rent	-10% $-83	-5% $-24	+0% $34	+5% $93	+10% $151
Rate	-1.0pp $127	-0.5pp $81	base $34	+0.5pp $-14	+1.0pp $-62

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $185,000 Active 39 DOM
2. 2026-06-18
   days on market $185,000 Active 38 DOM
3. 2026-06-17
   days on market $185,000 Active 37 DOM
4. 2026-06-16
   days on market $185,000 Active 36 DOM
5. 2026-06-15
   days on market $185,000 Active 35 DOM
6. 2026-06-14
   days on market $185,000 Active 33 DOM
7. 2026-06-12
   days on market $185,000 Active 32 DOM
8. 2026-06-09
   days on market $185,000 Active 29 DOM
9. 2026-06-08
   days on market $185,000 Active 28 DOM
10. 2026-06-07
    days on market $185,000 Active 27 DOM
11. 2026-06-07
    days on market $185,000 Active 26 DOM
12. 2026-06-04
    days on market $185,000 Active 23 DOM
13. 2026-06-02
    days on market $185,000 Active 22 DOM
14. 2026-06-01
    days on market $185,000 Active 21 DOM
15. 2026-05-31
    days on market $185,000 Active 20 DOM
16. 2026-05-31
    days on market $185,000 Active 19 DOM
17. 2026-05-11
    listed $185,000 Active
18. 2009-02-13
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast ID · Resets to sale price

• Current annual tax: $1,039 · $87/mo
• Projected year-2 tax: $1,276 · $106/mo
• Expected delta: +$238/yr (+$20/mo · 22.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 12 unhealthy d/yr today · 13 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,743
• − Mortgage interest: −$10,363
• − Property taxes: −$1,039
• − Insurance: −$925
• − Repairs & maintenance: −$1,419
• − Management: −$1,419
• − Depreciation: −$5,382
• Taxable loss: −$2,804
• Est. tax savings @ 24.0%: +$673
• After-tax cash flow: $1,085/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Cassia County Joint District
• NCES district ID: 1600660
• Math proficiency: 37% ▬ 0.00%
• Reading proficiency: 47% ▲ 4.00%
• Median HH income: $43,734
• Composite: 35.52/100
• National rank: #4910
• State rank: #59 of 92 in ID

Livability — Burley

• Score: 74/100
• State rank: #32
• US rank: #4536

Category grades

Amenities F Commute F Cost of living A+ Crime B+ Employment D+ Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burley, ID
• County: Cassia County · 19,459 people
• City population: 19,459
• Metro: Burley, ID
• Population (ZIP): 19,459
• Household income: $71,282
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 367.0

Population outlook (Cassia County) Hauer SSP2

• Today (2025): 24,254 people
• By 2030: 24,545 · +1.2%
• By 2040: 25,268 · +4.2%
• By 2050: 25,828 · +6.5%
• By 2075: 26,971 · +11.2%
• By 2100: 26,501 · +9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (60%)
• Race & ethnicity: White 60% Hispanic / Latino 34% Two or more races 15% Native American 1%
• Hispanic origin (detail): Mexican 30%
• Common ancestry: Slovak 2% Italian 2% German 1%
• Foreign-born: 13% · Canada
• Languages at home: 76% English-only · Spanish 22%

Political lean MEDSL · Cassia

• 2024 margin: Solid R (+69.1) · D 14.2% · R 83.3% · Other 2.5%
• 2008→2024 swing: -5.6pp toward R · 2008: -63.5pp · 2024: -69.1pp
• All cycles: 2024: R+69.1 2020: R+66.9 2016: R+60.1 2012: R+72.2 2008: R+63.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -90.89%
• Current HPI: 269.8289
• Rent YoY: —
• Metro: Burley, ID
• State GDP YoY: ▲ 4.51%
• F500 in state: 6

Industry mix (Fortune 500 HQ in ID)

Industry	F500 HQs	Revenue
▸Retail	1	$79B
▸Technology	1	$25B
▸Food / Agriculture	1	$6B

Price history

2 events — show timeline

• 2026-05-11 Listed $185,000 IMLS
• 2009-02-13 Sold (Public Records) — Public Records

Property tax history

+2.6%/yr

Latest (2025): $1,039 · +49.0% YoY. Source: county tax records.