194 E Carmel Dr,Meridian,ID,83646

Investment Highlights

Rental property for sale in Meridian at 194 E Carmel Dr, Meridian, ID, 83646 priced at $389,900 pairs $2,477/mo rent with $234/mo cash flow after a $1,908/mo payment. Total monthly income equals $2,477/mo, and annual cash flow comes to $2,812/yr on $129,252 invested. Return on cash invested is 22.08% in year one, and rental yield stands at 7.62% on a $389,900 basis. Equity gained on principal adds $2,516/yr, and 5% annual appreciation accumulates to $107,722 by year five. Five-year ROI measures 113.95% and total cumulative return in cash reaches $147,277. For financing, Ziffy Mortgage’s DSCR program evaluates $2,477/mo property income against a $1,908/mo payment instead of your W2s, 1099s, or Tax returns.