xhv8mzw7ge79waga35o97s2wbzpfr6 Entrata Farms - Fourplex Investment | Meridian, ID | FIG
FIG Fourplex Investment Group Logo

295 W Center St 

Suite A

Provo, UT 84601

(801) 758-8970

(Brokered by RE/MAX Equity & partners)

CONTACT US

FIG DISCLAIMER: No investments are guaranteed to result in profits. Net operating income, cap rates, and internal rates of return are subject to fluctuation and may experience a wide range of change, including the potential for operating losses. Factors affecting investment returns include, without limitation, changes in interest rates, tenant vacancies and defaults, property management expenses, repair and maintenance costs, HOA expenses, litigation, insurance rates, and relative strength and weakness in the local and regional economy. Past performance is not a guarantee of future returns. FIG does not provide tax or legal advice, and none of the statements or information in our website or sales materials should be construed as tax or legal advice. All investors are encouraged to seek advice from their own tax and legal professionals. All estimated returns on investments in FIG projects are subject to change and may be significantly different from actual financial performance. FIG is a brand used for the purposes of marketing. FIG is not an actual company, but is used to brand the investment strategy used by those marketed on this website.

 

© 2019 FIG & RE/MAX Equity

Entrata Farms

– Boise, ID (Meridian) –

NOI/Month:
NOI/Annual:
Cash Flow/month:
Cash Flow/year:
Cap Rate:
10 YR IRR:

$3,790
$45,475

$1032
$12,385
6.6%
15.5%

(includes vacancy, expenses and property management fees)

Project Details

Rents in Boise have had a strong cycle of growth, culminating this year in what is poised to be the best year of rent gains yet. This trend has been bolstered by a healthy and expanding economy in Boise and Idaho as a whole, as evidenced by some of the strongest employment growth in the country.


Rents in Northeast Boise are among the metro's highest, reflecting its status as one of the most desirable submarkets in the metro. The submarket, home to the downtown retail district, contains many attractions, such as Zoo Boise, CenturyLink Arena, and the Boise Art Museum, as well as the Boise VA Medical Center. Roughly 41% of the population rents rather than owns, the highest percentage in the metro and possibly the result of home prices that average $230,000—nearly 35% more than those in the rest of the metro.

For more information contact:

Sherida Zenger    801.787.6665    sherida@fig.us

Chase Leavitt     435.632.7028     chase@fig.us

Rents are also high in the Meridian Submarket. Recent construction and the resulting saturation of high-tier communities, which comprise more than 35% of inventory here, have buoyed prices. Meridian presents an attractive renter base, because incomes, at nearly $68,000, exceed the metro average by more than 36%, bolstered by the CORE business corridor in the western portion of the submarket. Higher salaries are accompanied by a highly educated population—23% of the population has a bachelor’s degree or above, eclipsing the metro average of 13%. 

Updated: Jun 13, 2017 *Courtesy of CoStar Research with data graphs shown below in images.

 

Entrata Farms Fourplexes are presented by:

Sherida Zenger, RE/MAX Advisors

Chase Leavitt, RE/MAX Equity

in partnership with FIG – Fourplex Investment Group & RE/MAX Equity.

Entrata Farms Documentation

As of October 2019

Location

Photos & Renderings