116 W Wabash AveEurekaCA95501
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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 Eureka at 116 W Wabash Ave, Eureka, CA, 95501 uses $56,355 cash to close to unlock $3,005/yr annual cash flow and $250/mo monthly cash flow. Total monthly income runs $1,302/mo, and a $832/mo payment keeps the spread at $250/mo. Purchase price stands at $170,000, and rental yield measures 9.19% with $1,302/mo rent. Return on cash invested shows 25.24% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 131.5% and total cumulative return in cash records $74,109. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,302/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1909
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95501, Eureka, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,945 (100%) |
| Owner Occupied HU | 4,082 (37.3%) |
| Renter Occupied HU | 5,985 (54.7%) |
| Vacant Housing Units | 878 ( 8.0%) |
| Median Home Value | $495,100 |
| Average Home Value | $583,057 |
Housing Distribution
Address Breakdown
Residential
10,273
Single Family
9,532
Multi-Family
741
Businesses
1,657
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Listed by: Brian & Ami Wruck • The Key Real Estate Group
Mls Name: HBMLS
Mls ID: #271179