1624 Red Lake WayLincolnCA95648
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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
Rental property for sale in Lincoln at 1624 Red Lake Way, Lincoln, CA, 95648 offers $3,120/mo rent that, after a $3,969/mo payment. Total monthly income is $3,120/mo. Return on cash invested measures 11.53% in year one, and rental yield stands at 4.62% at a $811,000 entry. Equity gained on principal adds $5,233/yr while 5% annual appreciation compounds into $224,064 by year five. Five-year ROI records 57.87% and total cumulative return in cash reaches $154,421. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,120/mo property income versus a $3,969/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95648, Lincoln, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,614 (100%) |
| Owner Occupied HU | 19,608 (79.7%) |
| Renter Occupied HU | 3,889 (15.8%) |
| Vacant Housing Units | 1,117 ( 4.5%) |
| Median Home Value | $687,520 |
| Average Home Value | $748,845 |
Housing Distribution
Address Breakdown
Residential
23,486
Single Family
22,958
Multi-Family
528
Businesses
1,021
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Listed by: Camille Porsee • Taylor Morrison
Mls Name: Taylor Morrison
Mls Provider:
Mls ID: #N/A