121 Spruce StHerlongCA96113
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 121 Spruce St, Herlong, CA, 96113 in Herlong: $1,125/mo in rent, $240/mo in net income, 9.44% gross yield, 1.72 DSCR, all at $145,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $40,199 in appreciation and $1,340/yr in principal paydown projects total cumulative return of $69,702.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.0% |
| Monthly Cash Flow | $240 | $1,200 |
City averages based on Herlong market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,125 |
| Total Monthly Debt Service | $842 |
| DSCR Ratio | 1.34x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shantel Mcdonald • SMITH PROPERTIES
Mls Name: Lassen MLS
Mls Provider:
Mls ID: #202400306
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