6031 N Spindrift AveMeridianID83646
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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 6031 N Spindrift Ave, Meridian, ID, 83646 earns $73/mo cash flow from $2,987/mo rent with a $2,447/mo payment. Total monthly income totals $2,987/mo, and annual cash flow totals $881/yr on $165,717 capital. ROI tracks 20.44% on current figures, and rental yield reads 7.17% at a $499,900 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,113 over five years. Five-year ROI reaches 105.24% and total cumulative return in cash sums $174,396. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,987/mo property income instead of your personal income.
Single Family
Built in 2017
9,016 sqft lot
$N/A/sqft
$450 annually HOA
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Listed by: Matt Weston • Amherst Madison
Mls Name: IMLS
Mls Provider:
Mls ID: #98950464
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.