157 Meridian StHeberCA92249
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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 Heber at 157 Meridian St, Heber, CA, 92249 offers a 7.8% rental yield on a $425,000 purchase with $2,762/mo rent. Total monthly income registers $2,762/mo, and a $2,080/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,596/yr on $140,888 to close, and return on cash invested stands at 21.04% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 108.94% and total cumulative return in cash at $153,485. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,762/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
5,989 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92249, Heber, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,869 (100%) |
| Owner Occupied HU | 1,249 (66.8%) |
| Renter Occupied HU | 554 (29.6%) |
| Vacant Housing Units | 66 ( 3.5%) |
| Median Home Value | $332,287 |
| Average Home Value | $332,096 |
Housing Distribution
Address Breakdown
Residential
1,327
Single Family
1,327
Multi-Family
0
Businesses
68
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Listed by: Jessica Banuelos • DMA Real Estate
Mls Name: ICAOR
Mls Provider:
Mls ID: #25581873IC
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.