118 Water 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 118 Water St, Alturas, CA, 96101 with 5% annual appreciation on a $145,500 basis while $1,136/mo rent supports operations. Total monthly income totals $1,136/mo and a $712/mo payment preserves $236/mo for cash returns. Annual cash flow comes to $2,833/yr on $48,233 deployed, and return on cash invested reaches 25.78% in year one. Equity gained on principal adds $939/yr, and five-year appreciation sums $40,199 alongside rental yield of 9.37%. Five-year ROI measures 134.47% and total cumulative return in cash totals $64,857.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,136/mo property income versus a $712/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
6,969 sqft 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: Linda Marchy • eXp Realty of Northern California, Inc
Mls Name: Modoc County AOR
Mls ID: #2906649