227 E Spinosa DrMeridianID83646
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 227 E Spinosa Dr, Meridian, ID, 83646 in Meridian at $399,500 earns $2,352/mo in rent and nets $15/mo after the $1,796/mo payment, a 7.14% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $110,374 over five years. Ziffy Mortgage underwrites this on a 1.31 DSCR without U.S. credit history. With $3,679/yr in principal paydown, total projected return reaches $150,361.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 5.5% |
| Monthly Cash Flow | $15 | $385 |
City averages based on Meridian market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,352 |
| Total Monthly Debt Service | $2,204 |
| DSCR Ratio | 1.07x |
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.
Single Family
Built in 1997
6,534 sqft lot
$N/A/sqft
$65 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
Single Family
Built in 1997
6,534 sqft lot
$N/A/sqft
$65 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Strand • Silvercreek Realty Group
Mls Name: IMLS
Mls Provider:
Mls ID: #98946292
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.