What is a good deal in the Boise area?

[Michael G.]

Hello,

We bought our first rental in Meridian two month ago and I ran the numbers on the BP calculator. The House was built in 2007, 4bd, 2.5 bath, 3 car garage, close to Chinden/Ten Mile. We signed the first tenant with an 11 month lease after 7 days, using PM. The calculator says we can expect 4.64% cash ROI and 6.81% annual based on 5 years using a conservative forecast.

Is that a good deal, a bad deal or an average deal for the area?  How can we improve or can we?

I tend to focus on Meridian, but what about Nampa? 

Is 3 bd, 2 bath, 2 car better inventory? 

Love to get some input. Thanks