2431 N Eureka AveMeridianID83646
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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
Rental property for sale in Meridian at 2431 N Eureka Ave, Meridian, ID, 83646 generates $2,436/mo in rent and, after a $2,055/mo payment, leaves $21/mo in cash flow. Total monthly income is $2,436/mo, and annual cash flow is $247/yr on $139,197 invested. Return on cash invested sits at 20.09% in year one, and rental yield is 6.96% on a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 103.23% and total cumulative return in cash sums $143,688. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,436/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
6,490 sqft lot
$N/A/sqft
No HOA
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Listed by: Jeanie Taylor • Coldwell Banker Tomlinson
Mls Name: IMLS
Mls Provider:
Mls ID: #98947754
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.