1640 Cherry Hills CirSouth Lake TahoeCA96150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 South Lake Tahoe at 1640 Cherry Hills Cir, South Lake Tahoe, CA, 96150 generates $5,626/mo in rent and, after a $3,304/mo payment, leaves $1,450/mo in cash flow. Total monthly income is $5,626/mo, and annual cash flow is $17,401/yr on $222,075 invested. Return on cash invested sits at 27.9% in year one, and rental yield is 10% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 145.65% and total cumulative return in cash sums $323,463. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,626/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96150, South Lake Tahoe, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,165 (100%) |
| Owner Occupied HU | 6,582 (27.2%) |
| Renter Occupied HU | 6,314 (26.1%) |
| Vacant Housing Units | 11,269 (46.6%) |
| Median Home Value | $752,056 |
| Average Home Value | $832,257 |
Housing Distribution
Address Breakdown
Residential
10,598
Single Family
9,164
Multi-Family
1,434
Businesses
983
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandie L Griffith • Realty World Lake Tahoe
Mls Name: STAOR
Mls ID: #142420