223 W Norwich StMeridianID83642
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
Investment Highlights
Rental property for sale in Meridian at 223 W Norwich St, Meridian, ID, 83642 offers $2,026/mo rent that, after a $2,109/mo payment. Total monthly income is $2,026/mo. Return on cash invested measures 16.1% in year one, and rental yield stands at 5.64% at a $430,800 entry. Equity gained on principal adds $2,780/yr while 5% annual appreciation compounds into $119,022 by year five. Five-year ROI records 81.89% and total cumulative return in cash reaches $116,942. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,026/mo property income versus a $2,109/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,227 sqft lot
$N/A/sqft
No 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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