463 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
Investment property for sale in Meridian at 463 W Norwich St, Meridian, ID, 83642 offers a 8.26% rental yield on a $422,638 purchase with $2,908/mo rent. Total monthly income registers $2,908/mo, and a $2,069/mo payment leaves $476/mo available for distribution. Annual cash flow reaches $5,715/yr on $140,105 to close, and return on cash invested stands at 23.99% in year one. Equity gained on principal adds $2,727/yr while 5% annual appreciation supports $116,767 over five years. Portfolio math shows five-year ROI at 124.16% and total cumulative return in cash at $173,959. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,908/mo property income against a $2,069/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
4,312 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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