18854 Pigeon Ridge RdCoveloCA95428
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
Investment property for sale in Covelo at 18854 Pigeon Ridge Rd, Covelo, CA, 95428 at $399,000 posts ROI 23.92% with $442/mo cash flow from $2,910/mo rent. Total monthly income equals $2,910/mo, and annual cash flow records $5,299/yr on $132,269 to close. Return on cash invested measures 23.92% and rental yield reads 8.75% at the current $399,000. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 by year five. Five-year ROI prints 124.32% and total cumulative return in cash totals $164,438.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,910/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95428, Covelo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,266 (100%) |
| Owner Occupied HU | 706 (55.8%) |
| Renter Occupied HU | 355 (28.0%) |
| Vacant Housing Units | 205 (16.2%) |
| Median Home Value | $523,148 |
| Average Home Value | $592,365 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
454
Multi-Family
0
Businesses
67
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Nearby investment properties with comparable prices
Listed by: Jason E Wolf • Summit Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #324014058
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.