1420 Sherman Ave APT 27ChicoCA95926
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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 1420 Sherman Ave APT 27, Chico, CA, 95926 uses $75,914 cash to close to unlock $3,866/yr annual cash flow and $322/mo monthly cash flow. Total monthly income runs $1,739/mo, and a $1,121/mo payment keeps the spread at $322/mo. Purchase price stands at $229,000, and rental yield measures 9.11% with $1,739/mo rent. Return on cash invested shows 25% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 130.21% and total cumulative return in cash records $98,849. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,739/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95926, Chico, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,532 (100%) |
| Owner Occupied HU | 6,854 (39.1%) |
| Renter Occupied HU | 9,482 (54.1%) |
| Vacant Housing Units | 1,196 ( 6.8%) |
| Median Home Value | $479,496 |
| Average Home Value | $534,728 |
Housing Distribution
Address Breakdown
Residential
16,073
Single Family
12,262
Multi-Family
3,811
Businesses
1,313
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Listed by: Elisban Gonzales • LPT Realty, Inc
Mls Name: MetroList Services of CA
Mls ID: #225105218