708 N Tessa AveMeridianID83642
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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 708 N Tessa Ave, Meridian, ID, 83642 priced at $449,486 pairs $2,520/mo rent with after a $2,200/mo payment. Total monthly income equals $2,520/mo. Return on cash invested is 18.88% in year one, and rental yield stands at 6.73% on a $449,486 basis. Equity gained on principal adds $2,900/yr, and 5% annual appreciation accumulates to $124,185 by year five. Five-year ROI measures 96.91% and total cumulative return in cash reaches $144,396. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $2,200/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
4,094 sqft lot
$N/A/sqft
$750 annually 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: Dustin Mcgaughy • Homes of Idaho
Mls Name: IMLS
Mls Provider:
Mls ID: #98950508
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.