605 W Contender DrMeridianID83642
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
Investment Highlights
Investment property for sale in Meridian at 605 W Contender Dr, Meridian, ID, 83642 earns $322/mo cash flow from $4,925/mo rent with a $3,916/mo payment. Total monthly income totals $4,925/mo, and annual cash flow totals $3,868/yr on $263,197 capital. ROI tracks 21.53% on current figures, and rental yield reads 7.39% at a $799,990 purchase. Equity gained on principal adds $5,162/yr, and 5% annual appreciation supports $221,022 over five years. Five-year ROI reaches 110.93% and total cumulative return in cash sums $291,964. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,925/mo property income instead of your personal income.
Single Family
Built in 2025
N/A 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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