108/114 E 3rd StAlturasCA96101
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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 Alturas at 108/114 E 3rd St, Alturas, CA, 96101 uses $72,599 cash to close to unlock $2,509/yr annual cash flow and $209/mo monthly cash flow. Total monthly income runs $1,564/mo, and a $1,072/mo payment keeps the spread at $209/mo. Purchase price stands at $219,000, and rental yield measures 8.57% with $1,564/mo rent. Return on cash invested shows 23.37% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 121.44% and total cumulative return in cash records $88,161. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,564/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1910
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96101, Alturas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,591 (100%) |
| Owner Occupied HU | 1,449 (55.9%) |
| Renter Occupied HU | 710 (27.4%) |
| Vacant Housing Units | 432 (16.7%) |
| Median Home Value | $230,139 |
| Average Home Value | $330,102 |
Housing Distribution
Address Breakdown
Residential
2,176
Single Family
2,176
Multi-Family
0
Businesses
312
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Listed by: Onalea Sweeney • High Grade Realty
Mls Name: Modoc County AOR
Mls ID: #2906581
Disclaimer: Copyright Modoc County Listing Service. All rights reserved. Information is deemed reliable but not guaranteed.