121 Spruce StHerlongCA96113
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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 Herlong at 121 Spruce St, Herlong, CA, 96113 with 5% annual appreciation on a $145,500 basis while $1,125/mo rent supports operations. Total monthly income totals $1,125/mo and a $712/mo payment preserves $225/mo for cash returns. Annual cash flow comes to $2,701/yr on $48,233 deployed, and return on cash invested reaches 25.51% in year one. Equity gained on principal adds $939/yr, and five-year appreciation sums $40,199 alongside rental yield of 9.28%. Five-year ROI measures 132.95% and total cumulative return in cash totals $64,125.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,125/mo property income versus a $712/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96113, Herlong, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 403 (100%) |
| Owner Occupied HU | 173 (42.9%) |
| Renter Occupied HU | 150 (37.2%) |
| Vacant Housing Units | 80 (19.9%) |
| Median Home Value | $185,357 |
| Average Home Value | $274,509 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
20
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Listed by: Shantel Mcdonald • SMITH PROPERTIES
Mls Name: Lassen MLS
Mls Provider:
Mls ID: #202400306
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