2298 Otter PlWillitsCA95490
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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 Willits at 2298 Otter Pl, Willits, CA, 95490 uses $110,058 cash to close to unlock $7,892/yr annual cash flow and $658/mo monthly cash flow. Total monthly income runs $2,732/mo, and a $1,625/mo payment keeps the spread at $658/mo. Purchase price stands at $332,000, and rental yield measures 9.87% with $2,732/mo rent. Return on cash invested shows 27.08% in year one, and 5% annual appreciation builds toward $91,725 over five years. Five-year ROI reaches 141.39% and total cumulative return in cash records $155,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,732/mo property income covering a $1,625/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95490, Willits, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,299 (100%) |
| Owner Occupied HU | 3,598 (57.1%) |
| Renter Occupied HU | 1,999 (31.7%) |
| Vacant Housing Units | 702 (11.1%) |
| Median Home Value | $441,899 |
| Average Home Value | $534,340 |
Housing Distribution
Address Breakdown
Residential
5,458
Single Family
5,178
Multi-Family
280
Businesses
526
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Listed by: Jared English • Jared English, Broker
Mls Name: MetroList Services of CA
Mls ID: #325044399