2002 E Ringneck StMeridianID83646
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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 2002 E Ringneck St, Meridian, ID, 83646 uses $137,573 cash to close to unlock $1,053/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $2,558/mo, and a $2,031/mo payment keeps the spread at $88/mo. Purchase price stands at $415,000, and rental yield measures 7.4% with $2,558/mo rent. Return on cash invested shows 20.67% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 106.63% and total cumulative return in cash records $146,697. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,558/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Townhouse
Built in 2020
4,660 sqft lot
$N/A/sqft
$83 monthly HOA
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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.