13640 Eastlake DrClearlakeCA95422
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
Investment Highlights
Rental property for sale in Clearlake at 13640 Eastlake Dr, Clearlake, CA, 95422 priced at $249,000 pairs $1,739/mo rent with $198/mo cash flow after a $1,219/mo payment. Total monthly income equals $1,739/mo, and annual cash flow comes to $2,380/yr on $82,544 invested. Return on cash invested is 22.79% in year one, and rental yield stands at 8.38% on a $249,000 basis. Equity gained on principal adds $1,607/yr, and 5% annual appreciation accumulates to $68,794 by year five. Five-year ROI measures 118.35% and total cumulative return in cash reaches $97,688. For financing, Ziffy Mortgage’s DSCR program evaluates $1,739/mo property income against a $1,219/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1970
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95422, Clearlake, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,385 (100%) |
| Owner Occupied HU | 3,856 (46.0%) |
| Renter Occupied HU | 2,825 (33.7%) |
| Vacant Housing Units | 1,704 (20.3%) |
| Median Home Value | $215,762 |
| Average Home Value | $288,917 |
Housing Distribution
Address Breakdown
Residential
5,743
Single Family
5,365
Multi-Family
378
Businesses
404
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shannon R Williams • RE/MAX Gold
Mls Name: BAREIS
Mls Provider:
Mls ID: #324069905
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.