4588 N Alameda Creek AveMeridianID83646
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable, bankable, and well-priced, 4588 N Alameda Creek Ave, Meridian, ID, 83646 in Meridian delivers $3,814/mo in gross rent and $296/mo in net monthly income at a $599,900 entry. The 7.63% yield and 1.41 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $165,741 over five years and $5,525/yr in equity from loan paydown, total projected return is $245,688.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 5.5% |
| Monthly Cash Flow | $296 | $385 |
City averages based on Meridian market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,814 |
| Total Monthly Debt Service | $3,279 |
| DSCR Ratio | 1.16x |
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 2025
5,749 sqft lot
$N/A/sqft
$400 semi-annually 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 2025
5,749 sqft lot
$N/A/sqft
$400 semi-annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lorin Peterson • Silvercreek Realty Group
Mls Name: IMLS
Mls Provider:
Mls ID: #98938771
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.