692 NW 15th StMeridianID83642
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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 692 NW 15th St, Meridian, ID, 83642 listed at $270,000 pairs $1,898/mo rent with a $1,322/mo payment to leave $344/mo cash flow. Total monthly income runs $1,898/mo, and annual cash flow reaches $4,131/yr on $89,505 cash to close. Return on cash invested measures 24.52% in year one, and rental yield registers 8.44% at a $270,000 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,596 by year five. Five-year ROI tracks 127.05% and total cumulative return in cash totals $113,713. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,898/mo property income relative to a $1,322/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1990
4,356 sqft 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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