2135 Nord Ave #40ChicoCA95926
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 2135 Nord Ave #40, Chico, CA, 95926 in Chico is narrow, $186/mo net on $990/mo rent after the $584/mo debt service, but the property operates at break-even-plus, not a loss. At $129,950 with a 9.14% yield, the long-run equity case via 5% appreciation ($35,903 over five years) and $1,197/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.70 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $61,332.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $186 | $200 |
City averages based on Chico market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $990 |
| Total Monthly Debt Service | $752 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95926, Chico, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,532 (100%) |
| Owner Occupied HU | 6,854 (39.1%) |
| Renter Occupied HU | 9,482 (54.1%) |
| Vacant Housing Units | 1,196 ( 6.8%) |
| Median Home Value | $479,496 |
| Average Home Value | $534,728 |
Housing Distribution
Address Breakdown
Residential
16,073
Single Family
12,262
Multi-Family
3,811
Businesses
1,313
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
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95926, Chico, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,532 (100%) |
| Owner Occupied HU | 6,854 (39.1%) |
| Renter Occupied HU | 9,482 (54.1%) |
| Vacant Housing Units | 1,196 ( 6.8%) |
| Median Home Value | $479,496 |
| Average Home Value | $534,728 |
Housing Distribution
Address Breakdown
Residential
16,073
Single Family
12,262
Multi-Family
3,811
Businesses
1,313
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherrie Johnston • Harmony Communities, Inc.
Mls Name: MetroList Services of CA
Mls ID: #225151869