602 W Buroak DrMeridianID83642
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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 602 W Buroak Dr, Meridian, ID, 83642 priced at $850,000 converts $3,922/mo rent into after a $4,160/mo obligation. Total monthly income equals $3,922/mo. Return on cash invested prints 15.69% in year one, and rental yield reads 5.54% against a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation compiles into $234,839 by year five. Five-year ROI reaches 79.68% and total cumulative return in cash sums $222,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,922/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 2018
9,147 sqft lot
$N/A/sqft
$153 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: Julie Trout • Silvercreek Realty Group
Mls Name: IMLS
Mls Provider:
Mls ID: #98952502
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.