1415 E Lake Creek StMeridianID83642
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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
Investment property for sale in Meridian at 1415 E Lake Creek St, Meridian, ID, 83642 listed at $630,000 pairs $4,039/mo rent with a $3,084/mo payment to leave $400/mo cash flow. Total monthly income runs $4,039/mo, and annual cash flow reaches $4,801/yr on $207,270 cash to close. Return on cash invested measures 22.38% in year one, and rental yield registers 7.69% at a $630,000 basis. Equity gained on principal adds $4,065/yr, and annual property appreciation at 5% supports $174,057 by year five. Five-year ROI tracks 115.51% and total cumulative return in cash totals $239,422. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,039/mo property income relative to a $3,084/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
9,583 sqft lot
$N/A/sqft
$170 annually 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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Listed by: Kellie Schultz • Mountain Realty
Mls Name: IMLS
Mls Provider:
Mls ID: #98948373
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.