2298 Cheyenne DrBishopCA93514
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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
Rental property for sale in Bishop at 2298 Cheyenne Dr, Bishop, CA, 93514 generates $3,556/mo in rent, after a $3,230/mo payment. Total monthly income is $3,556/mo. Return on cash invested sits at 17.15% in year one, and rental yield is 6.47% on a $659,900 entry. Equity gained on principal adds $4,258/yr, while 5% annual appreciation builds toward $182,318 over five years. Five-year ROI reaches 88.02% and total cumulative return in cash sums $191,090. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,556/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93514, Bishop, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,002 (100%) |
| Owner Occupied HU | 4,060 (58.0%) |
| Renter Occupied HU | 2,009 (28.7%) |
| Vacant Housing Units | 933 (13.3%) |
| Median Home Value | $477,325 |
| Average Home Value | $482,653 |
Housing Distribution
Address Breakdown
Residential
6,406
Single Family
6,082
Multi-Family
324
Businesses
568
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Listed by: Randi Pritchard • Eastern Sierra Realty
Mls Name: MLBOR
Mls Provider:
Mls ID: #250272
Disclaimer: Based on information from the Mammoth Lakes Board of REALTORS (alternatively, from the Mammoth Lakes Board of REALTORS MLS) as of 2025-04-26 10:37:52 PDT. This information is deemed reliable, but not verified or guaranteed. Buyer is advised to verify accuracy of all information. We do business in accordance with the federal, state, and local fair housing laws.