135 E State AveMeridianID83642
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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 Meridian at 135 E State Ave, Meridian, ID, 83642 generates $1,969/mo in rent and, after a $1,463/mo payment, leaves $249/mo in cash flow. Total monthly income is $1,969/mo, and annual cash flow is $2,992/yr on $99,119 invested. Return on cash invested sits at 22.93% in year one, and rental yield is 7.9% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 118.47% and total cumulative return in cash sums $117,430. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,969/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83642, Meridian, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,815 (100%) |
| Owner Occupied HU | 18,304 (63.5%) |
| Renter Occupied HU | 8,350 (29.0%) |
| Vacant Housing Units | 2,161 ( 7.5%) |
| Median Home Value | $613,863 |
| Average Home Value | $648,071 |
Housing Distribution
Address Breakdown
Residential
26,118
Single Family
24,576
Multi-Family
1,542
Businesses
2,346
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