5691 N Backfire WayMeridianID83646
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play5691 N Backfire Way, Meridian, ID, 83646 in Meridian is priced for appreciation, not yield. Rental yield 0%. At $581,990 with a 0% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $160,793 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.00) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $130.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 5.5% |
| Monthly Cash Flow | $0 | $385 |
City averages based on Meridian market data in our database. Property projections are estimates.
Single Family
Built in 2025
7,535 sqft lot
$N/A/sqft
$800 annually HOA
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No similar rental properties found nearby.
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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
Single Family
Built in 2025
7,535 sqft lot
$N/A/sqft
$800 annually HOA
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Jenifer Pfautsch • Hubble Homes, LLC
Mls Name: IMLS
Mls Provider:
Mls ID: #98961791
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