3815 W Columbia RdMeridianID83642
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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
Total monthly income runs $3,604/mo, and a $3,470/mo payment. Purchase price stands at $709,000, and rental yield measures 6.1% with $3,604/mo rent. Return on cash invested shows 17.62% in year one, and 5% annual appreciation builds toward $195,884 over five years. Five-year ROI reaches 89.96% and total cumulative return in cash records $209,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,604/mo property income covering a $3,470/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.91 Acres 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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