380 W Bloomington DrMeridianID83642
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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 380 W Bloomington Dr, Meridian, ID, 83642 generates $2,647/mo in rent and, after a $2,055/mo payment, leaves $232/mo in cash flow. Total monthly income is $2,647/mo, and annual cash flow is $2,779/yr on $139,197 invested. Return on cash invested sits at 21.91% in year one, and rental yield is 7.56% 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 112.99% and total cumulative return in cash sums $157,272. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,647/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83642, Meridian, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,815 (100%) |
| Owner Occupied HU | 18,304 (63.5%) |
| Renter Occupied HU | 8,350 (29.0%) |
| Vacant Housing Units | 2,161 ( 7.5%) |
| Median Home Value | $613,863 |
| Average Home Value | $648,071 |
Housing Distribution
Address Breakdown
Residential
26,118
Single Family
24,576
Multi-Family
1,542
Businesses
2,346
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