224 Covelo AveLandersCA92285
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 Landers at 224 Covelo Ave, Landers, CA, 92285 priced at $259,900 pairs $2,239/mo rent with $631/mo cash flow after a $1,272/mo payment. Total monthly income equals $2,239/mo, and annual cash flow comes to $7,575/yr on $86,157 invested. Return on cash invested is 28.7% in year one, and rental yield stands at 10.34% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 150% and total cumulative return in cash reaches $129,238. For financing, Ziffy Mortgage’s DSCR program evaluates $2,239/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
2.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92285, Landers, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,158 (100%) |
| Owner Occupied HU | 795 (36.8%) |
| Renter Occupied HU | 287 (13.3%) |
| Vacant Housing Units | 1,076 (49.9%) |
| Median Home Value | $324,537 |
| Average Home Value | $374,440 |
Housing Distribution
Address Breakdown
Residential
791
Single Family
791
Multi-Family
0
Businesses
35
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Listed by: Gregory Falvo • Andrew John Young
Mls Name: CRMLS
Mls ID: #SR25224366