6254 N Mitchum LnMeridianID83646
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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 6254 N Mitchum Ln, Meridian, ID, 83646 offers a 6.87% rental yield on a $544,999 purchase with $3,121/mo rent. 93% in year one. Equity gained on principal adds $3,517/yr while 5% annual appreciation supports $150,573 over five years. Portfolio math shows five-year ROI at 97.37% and total cumulative return in cash at $174,588. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,121/mo property income against a $2,668/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
3,484 sqft lot
$N/A/sqft
$930 semi-annually HOA
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Listed by: Sydney Burtwell • Silvercreek Realty Group
Mls Name: IMLS
Mls Provider:
Mls ID: #98958892
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.