1244 W 3rd StChicoCA95928
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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 Chico at 1244 W 3rd St, Chico, CA, 95928 uses $89,174 cash to close to unlock $296/yr annual cash flow and $25/mo monthly cash flow. Total monthly income runs $1,690/mo, and a $1,317/mo payment keeps the spread at $25/mo. Purchase price stands at $269,000, and rental yield measures 7.54% with $1,690/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 104.63% and total cumulative return in cash records $93,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,690/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1947
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95928, Chico, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,919 (100%) |
| Owner Occupied HU | 6,931 (38.7%) |
| Renter Occupied HU | 9,500 (53.0%) |
| Vacant Housing Units | 1,488 ( 8.3%) |
| Median Home Value | $507,386 |
| Average Home Value | $561,987 |
Housing Distribution
Address Breakdown
Residential
16,740
Single Family
12,881
Multi-Family
3,859
Businesses
1,892
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Listed by: C. Ray Brower • Epique Inc
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224101287
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