1223 Bonanza Ave APT 3South 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
Rental property for sale in South Lake Tahoe at 1223 Bonanza Ave APT 3, South Lake Tahoe, CA, 96150 priced at $315,000 converts $2,821/mo rent into $872/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,821/mo, and annual cash flow totals $10,465/yr on $104,423 invested. Return on cash invested prints 29.93% in year one, and rental yield reads 10.75% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 156.63% and total cumulative return in cash sums $163,553. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,821/mo property income covering a $1,542/mo payment, not borrower’s personal income.
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: David J Howie • Aston Morley
Mls Name: STAOR
Mls ID: #142353