720 E 5th 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 720 E 5th St, Meridian, ID, 83642 at $300,000 posts ROI 15.02% with from $1,320/mo rent. Total monthly income equals $1,320/mo. Return on cash invested measures 15.02% and rental yield reads 5.28% at the current $300,000. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 by year five. Five-year ROI prints 76.05% and total cumulative return in cash totals $75,636. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,320/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1946
1,306 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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Listed by: Christopher Budka • Canopy Real Estate LLC
Mls Name: IMLS
Mls Provider:
Mls ID: #98938967
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.