2296 E Ringneck St, Meridian, ID, 83646 | 6.89% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Meridian at 2296 E Ringneck St, Meridian, ID, 83646 earns from $2,342/mo rent with a $1,997/mo payment. Total monthly income totals $2,342/mo. ROI tracks 19.86% on current figures, and rental yield reads 6.89% at a $408,000 purchase. Equity gained on principal adds $2,633/yr, and 5% annual appreciation supports $112,723 over five years. Five-year ROI reaches 102.02% and total cumulative return in cash sums $137,983. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,342/mo property income instead of your personal income.

Single Family

Built in 2017

4,791 sqft lot

$N/A/sqft

No HOA