117 Summit RdBishopCA93514
Nearby investment properties with comparable rents
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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
Rental property for sale in Bishop at 117 Summit Rd, Bishop, CA, 93514 generates $4,470/mo in rent and, after a $3,079/mo payment, leaves $579/mo in cash flow. Total monthly income is $4,470/mo, and annual cash flow is $6,942/yr on $206,941 invested. Return on cash invested sits at 23.42% in year one, and rental yield is 8.53% on a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 121.6% and total cumulative return in cash sums $251,649. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,470/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93514, Bishop, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,002 (100%) |
| Owner Occupied HU | 4,060 (58.0%) |
| Renter Occupied HU | 2,009 (28.7%) |
| Vacant Housing Units | 933 (13.3%) |
| Median Home Value | $477,325 |
| Average Home Value | $482,653 |
Housing Distribution
Address Breakdown
Residential
6,406
Single Family
6,082
Multi-Family
324
Businesses
568
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Listed by: Steven Simonetti • RE/MAX Nexus
Mls Name: MLBOR
Mls ID: #250680