1958 Cannon CtPlumas LakeCA95961
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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 Plumas Lake at 1958 Cannon Ct, Plumas Lake, CA, 95961 uses $149,142 cash to close to unlock $3,035/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $3,036/mo, and a $2,202/mo payment keeps the spread at $253/mo. Purchase price stands at $449,900, and rental yield measures 8.1% with $3,036/mo rent. Return on cash invested shows 21.94% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 113.74% and total cumulative return in cash records $169,630. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,036/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 2023
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95961, Olivehurst, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,106 (100%) |
| Owner Occupied HU | 7,417 (66.8%) |
| Renter Occupied HU | 3,043 (27.4%) |
| Vacant Housing Units | 646 ( 5.8%) |
| Median Home Value | $431,688 |
| Average Home Value | $443,252 |
Housing Distribution
Address Breakdown
Residential
10,663
Single Family
10,381
Multi-Family
282
Businesses
236
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Listed by: Amy Rivers • Redfin Corporation
Mls Name: MetroList Services of CA
Mls ID: #225127876