112 & 114 W 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 112 & 114 W 3rd St, Alturas, CA, 96101 offers a 20.06% rental yield on a $290,000 purchase with $4,848/mo rent. Total monthly income registers $4,848/mo, and a $1,419/mo payment leaves $3,054/mo available for distribution. Annual cash flow reaches $36,653/yr on $96,135 to close, and return on cash invested stands at 58.04% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 307.31% and total cumulative return in cash at $295,432. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,848/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.33 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: JoAnn White • United Country Stevenson Realty
Mls Name: Modoc County AOR
Mls ID: #2906279
Disclaimer: Copyright Modoc County Listing Service. All rights reserved. Information is deemed reliable but not guaranteed.