3017 W Gemstone DrMeridianID83646
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 3017 W Gemstone Dr, Meridian, ID, 83646 in Meridian worth modelling. At $415,000 with a 7.3% gross yield, the $2,524/mo rent leaves $116/mo after the $1,866/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.35 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $114,657 by year five; $3,822/yr in principal reduction adds further equity. Total projected return: $164,163.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 5.5% |
| Monthly Cash Flow | $116 | $385 |
City averages based on Meridian market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,524 |
| Total Monthly Debt Service | $2,242 |
| DSCR Ratio | 1.13x |
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 1992
8,276 sqft lot
$N/A/sqft
$60 quarterly 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 1992
8,276 sqft lot
$N/A/sqft
$60 quarterly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kayla Fearn • JPAR Live Local
Mls Name: IMLS
Mls Provider:
Mls ID: #98955887
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.