1400 W Marlette St SPACE 32IoneCA95640
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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 Ione at 1400 W Marlette St SPACE 32, Ione, CA, 95640 offers a 9.17% rental yield on a $140,000 purchase with $1,070/mo rent. Total monthly income registers $1,070/mo, and a $685/mo payment leaves $204/mo available for distribution. Annual cash flow reaches $2,450/yr on $46,410 to close, and return on cash invested stands at 25.19% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 131.22% and total cumulative return in cash at $60,898. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,070/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95640, Ione, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,166 (100%) |
| Owner Occupied HU | 2,970 (71.3%) |
| Renter Occupied HU | 863 (20.7%) |
| Vacant Housing Units | 333 ( 8.0%) |
| Median Home Value | $486,328 |
| Average Home Value | $526,797 |
Housing Distribution
Address Breakdown
Residential
3,661
Single Family
3,597
Multi-Family
64
Businesses
175
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Listed by: Kylie Windley • Chase International
Mls Name: MetroList Services of CA
Mls ID: #225115699