23019 Covelo Refuse RoadCoveloCA95428
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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 23019 Covelo Refuse Road, Covelo, CA, 95428 listed at $229,000 pairs $2,290/mo rent with a $1,121/mo payment to leave $873/mo cash flow. Total monthly income runs $2,290/mo, and annual cash flow reaches $10,478/yr on $75,914 cash to close. Return on cash invested measures 33.71% in year one, and rental yield registers 12% at a $229,000 basis. Equity gained on principal adds $1,478/yr, and annual property appreciation at 5% supports $63,268 by year five. Five-year ROI tracks 176.91% and total cumulative return in cash totals $134,297. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,290/mo property income relative to a $1,121/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2008
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: Karena Jolley • RE/MAX Gold - Selzer and Assoc
Mls Name: BAREIS
Mls Provider:
Mls ID: #323905220
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.