761 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
Investment property for sale in Meridian at 761 N Tessa Ave, Meridian, ID, 83642 at $386,985 posts ROI 22.19% with $244/mo cash flow from $2,520/mo rent. Total monthly income equals $2,520/mo, and annual cash flow records $2,926/yr on $128,286 to close. Return on cash invested measures 22.19% and rental yield reads 7.81% at the current $386,985. Equity gained on principal adds $2,497/yr, and 5% annual appreciation supports $106,917 by year five. Five-year ROI prints 114.66% and total cumulative return in cash totals $147,094.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,520/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
4,094 sqft lot
$N/A/sqft
$600 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: #98950510
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.