15915 23rd AveClearlakeCA95422
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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 Clearlake at 15915 23rd Ave, Clearlake, CA, 95422 uses $46,079 cash to close to unlock $2,669/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,082/mo, and a $680/mo payment keeps the spread at $222/mo. Purchase price stands at $139,000, and rental yield measures 9.34% with $1,082/mo rent. Return on cash invested shows 25.7% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 133.98% and total cumulative return in cash records $61,736. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,082/mo property income covering a $680/mo payment rather than investor’s personal income.
Manufactured
Built in 1978
9,583 sqft 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
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Listed by: Sarah McGrath • RE/MAX Gold Lake County
Mls Name: CRMLS
Mls ID: #LC25232797