112-114 W 3rd StAlturasCA96101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 uses $89,505 cash to close to unlock $1,983/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $1,836/mo, and a $1,322/mo payment keeps the spread at $165/mo. Purchase price stands at $270,000, and rental yield measures 8.16% with $1,836/mo rent. Return on cash invested shows 22.12% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 114.77% and total cumulative return in cash records $102,721. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,836/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1919
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Don Yeo • CALIFORNIA PROPERTY BROKER
Mls Name: Lassen MLS
Mls Provider:
Mls ID: #202400525
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.