2420 W Rainwater CtMeridianID83646
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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 2420 W Rainwater Ct, Meridian, ID, 83646 uses $139,230 cash to close to unlock $338/yr annual cash flow and $28/mo monthly cash flow. Total monthly income runs $2,453/mo, and a $2,056/mo payment keeps the spread at $28/mo. Purchase price stands at $420,000, and rental yield measures 7.01% with $2,453/mo rent. Return on cash invested shows 20.15% in year one, and 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 103.63% and total cumulative return in cash records $144,283. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,453/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Single Family
Built in 1992
8,276 sqft lot
$N/A/sqft
$100 annually HOA
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Listed by: Dawn Jeffs • Fathom Realty
Mls Name: IMLS
Mls Provider:
Mls ID: #98925659
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.