424 W Cherry Ln TRAILER 68MeridianID83642
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
Investment Highlights
Investment property for sale in Meridian at 424 W Cherry Ln TRAILER 68, Meridian, ID, 83642 offers a 9.29% rental yield on a $135,000 purchase with $1,045/mo rent. Total monthly income registers $1,045/mo, and a $661/mo payment leaves $268/mo available for distribution. Annual cash flow reaches $3,217/yr on $44,753 to close, and return on cash invested stands at 27.1% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 140.94% and total cumulative return in cash at $63,073. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,045/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2011
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices