2002 E Ringneck StMeridianID83646
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder2002 E Ringneck St, Meridian, ID, 83646 in Meridian earns a respectable 7.4% gross yield at $415,000, but after the $1,866/mo mortgage the net cash flow is $88/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.37) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $114,657 over five years, making equity the dominant return driver. Total projected return: $162,579.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 5.5% |
| Monthly Cash Flow | $88 | $385 |
City averages based on Meridian market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,558 |
| Total Monthly Debt Service | $2,305 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2020
4,660 sqft lot
$N/A/sqft
$83 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2020
4,660 sqft lot
$N/A/sqft
$83 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debbie Davis • Silvercreek Realty Group
Mls Name: IMLS
Mls Provider:
Mls ID: #98955803
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.