1223 Bonanza Ave APT 11South Lake TahoeCA96150
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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 South Lake Tahoe at 1223 Bonanza Ave APT 11, South Lake Tahoe, CA, 96150 offers a 9.54% rental yield on a $325,000 purchase with $2,584/mo rent. Total monthly income registers $2,584/mo, and a $1,591/mo payment leaves $573/mo available for distribution. Annual cash flow reaches $6,878/yr on $107,738 to close, and return on cash invested stands at 26.29% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 137.1% and total cumulative return in cash at $147,709. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,584/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96150, South Lake Tahoe, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,165 (100%) |
| Owner Occupied HU | 6,582 (27.2%) |
| Renter Occupied HU | 6,314 (26.1%) |
| Vacant Housing Units | 11,269 (46.6%) |
| Median Home Value | $752,056 |
| Average Home Value | $832,257 |
Housing Distribution
Address Breakdown
Residential
10,598
Single Family
9,164
Multi-Family
1,434
Businesses
983
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Listed by: Irina Sikela • Advanced Real Estate Services
Mls Name: STAOR
Mls ID: #142485