1021 Glendale Dr SPACE 31McKinleyvilleCA95519
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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 McKinleyville at 1021 Glendale Dr SPACE 31, McKinleyville, CA, 95519 offers a 8.65% rental yield on a $287,000 purchase with $2,069/mo rent. Total monthly income registers $2,069/mo, and a $1,405/mo payment leaves $293/mo available for distribution. Annual cash flow reaches $3,519/yr on $95,141 to close, and return on cash invested stands at 23.61% in year one. Equity gained on principal adds $1,852/yr while 5% annual appreciation supports $79,293 over five years. Portfolio math shows five-year ROI at 122.7% and total cumulative return in cash at $116,734. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,069/mo property income against a $1,405/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95519, Mckinleyville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,328 (100%) |
| Owner Occupied HU | 4,710 (56.6%) |
| Renter Occupied HU | 3,022 (36.3%) |
| Vacant Housing Units | 596 ( 7.2%) |
| Median Home Value | $561,148 |
| Average Home Value | $622,492 |
Housing Distribution
Address Breakdown
Residential
7,932
Single Family
7,826
Multi-Family
106
Businesses
459
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Listed by: Judith Michelle Giuntini • Judi Giuntini California Realtor
Mls Name: HBMLS
Mls Provider:
Mls ID: #268584
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.