22415 Highway 229 ECanbyCA96015
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 22415 Highway 229 E, Canby, CA, 96015 in Canby worth study. Rental yield 4.2%. The 4.2% gross yield is below cash-flow benchmarks at $485,000, but 5% annual appreciation, adding $133,997 over five years, frames this as a capital growth position. Rent of $1,698/mo partially offsets the $2,181/mo payment. Ziffy Mortgage finances appreciation-play properties (0.78 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $100,101.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 5.5% |
| Monthly Cash Flow | $(1,302) | $1,500 |
City averages based on Canby market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,698 |
| Total Monthly Debt Service | $2,807 |
| DSCR Ratio | 0.60x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1937
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96015, Canby, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 128 (100%) |
| Owner Occupied HU | 74 (57.8%) |
| Renter Occupied HU | 23 (18.0%) |
| Vacant Housing Units | 31 (24.2%) |
| Median Home Value | $506,757 |
| Average Home Value | $459,189 |
Housing Distribution
Address Breakdown
Residential
37
Single Family
37
Multi-Family
0
Businesses
19
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
Single Family
Built in 1937
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96015, Canby, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 128 (100%) |
| Owner Occupied HU | 74 (57.8%) |
| Renter Occupied HU | 23 (18.0%) |
| Vacant Housing Units | 31 (24.2%) |
| Median Home Value | $506,757 |
| Average Home Value | $459,189 |
Housing Distribution
Address Breakdown
Residential
37
Single Family
37
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Theresa Deardorff • RE/MAX Gold Woodland
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224089545
Disclaimer: Every person who intends to view or use such MLS information agrees to Terms of Use that include the following terms and conditions:All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2025 MetroList Services, Inc. Information being provided by Metrolist Services, Inc. is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. [Click here for more information](/mls-disclaimers/#16)