2009 S 2nd AveFortunaCA95540
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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 Fortuna at 2009 S 2nd Ave, Fortuna, CA, 95540 uses $115,992 cash to close to unlock $6,716/yr annual cash flow and $560/mo monthly cash flow. Total monthly income runs $2,752/mo, and a $1,713/mo payment keeps the spread at $560/mo. Purchase price stands at $349,900, and rental yield measures 9.44% with $2,752/mo rent. Return on cash invested shows 25.7% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 133.99% and total cumulative return in cash records $155,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,752/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95540, Fortuna, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,078 (100%) |
| Owner Occupied HU | 3,434 (56.5%) |
| Renter Occupied HU | 2,213 (36.4%) |
| Vacant Housing Units | 431 ( 7.1%) |
| Median Home Value | $520,413 |
| Average Home Value | $569,401 |
Housing Distribution
Address Breakdown
Residential
5,894
Single Family
5,758
Multi-Family
136
Businesses
595
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Listed by: Tiffany Lesher • RE/MAX Humboldt Realty
Mls Name: HBMLS
Mls Provider:
Mls ID: #267977
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.