22751 Oak LaneCoveloCA95428
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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 Covelo at 22751 Oak Lane, Covelo, CA, 95428 uses $176,969 cash to close to unlock $1,011/yr annual cash flow and $84/mo monthly cash flow. Total monthly income runs $3,412/mo, and a $2,633/mo payment keeps the spread at $84/mo. Purchase price stands at $537,900, and rental yield measures 7.61% with $3,412/mo rent. Return on cash invested shows 20.63% in year one, and 5% annual appreciation builds toward $148,612 over five years. Five-year ROI reaches 106.69% and total cumulative return in cash records $188,811. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,412/mo property income covering a $2,633/mo payment rather than investor’s personal income.
Single Family
Built in 1993
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95428, Covelo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,266 (100%) |
| Owner Occupied HU | 706 (55.8%) |
| Renter Occupied HU | 355 (28.0%) |
| Vacant Housing Units | 205 (16.2%) |
| Median Home Value | $523,148 |
| Average Home Value | $592,365 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
454
Multi-Family
0
Businesses
67
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Listed by: Diane Sibille • Diane Sibille Realty
Mls Name: BAREIS
Mls ID: #325062653