449 W Norwich StMeridianID83642
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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 449 W Norwich St, Meridian, ID, 83642 priced at $417,663 pairs $2,520/mo rent with $53/mo cash flow after a $2,044/mo payment. Total monthly income equals $2,520/mo, and annual cash flow comes to $630/yr on $138,455 invested. Return on cash invested is 20.36% in year one, and rental yield stands at 7.24% on a $417,663 basis. Equity gained on principal adds $2,695/yr, and 5% annual appreciation accumulates to $115,393 by year five. Five-year ROI measures 104.92% and total cumulative return in cash reaches $145,265. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $2,044/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
4,312 sqft lot
$N/A/sqft
$195 quarterly 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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Listed by: Dustin Mcgaughy • Homes of Idaho
Mls Name: IMLS
Mls Provider:
Mls ID: #98950372
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.