1223 W Cobblefield Ct,Meridian,ID,83646

Investment Highlights

Investment property for sale in Meridian at 1223 W Cobblefield Ct, Meridian, ID, 83646 uses $155,772 cash to close to unlock $2,000/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $2,870/mo, and a $2,300/mo payment keeps the spread at $167/mo. Purchase price stands at $469,900, and rental yield measures 7.33% with $2,870/mo rent. Return on cash invested shows 21.19% in year one, and 5% annual appreciation builds toward $129,825 over five years. Five-year ROI reaches 109.15% and total cumulative return in cash records $170,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,870/mo property income covering a $2,300/mo payment rather than investor’s personal income.