1422 E Prairiefire St,Meridian,ID,83646

Investment Highlights

Investment property for sale in Meridian at 1422 E Prairiefire St, Meridian, ID, 83646 offers a 6.93% rental yield on a $469,604 purchase with $2,711/mo rent. Total monthly income registers $2,711/mo, and a $2,298/mo payment leaves $10/mo available for distribution. Annual cash flow reaches $119/yr on $155,674 to close, and return on cash invested stands at 19.99% in year one. Equity gained on principal adds $3,030/yr while 5% annual appreciation supports $129,743 over five years. Portfolio math shows five-year ROI at 102.67% and total cumulative return in cash at $159,833. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,711/mo property income against a $2,298/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.