2308 Bayview LnEurekaCA95503
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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 Eureka at 2308 Bayview Ln, Eureka, CA, 95503 generates $3,019/mo in rent and, after a $1,953/mo payment, leaves $551/mo in cash flow. Total monthly income is $3,019/mo, and annual cash flow is $6,607/yr on $132,269 invested. Return on cash invested sits at 24.9% in year one, and rental yield is 9.08% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 129.63% and total cumulative return in cash sums $171,458. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,019/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95503, Eureka, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,819 (100%) |
| Owner Occupied HU | 6,597 (61.0%) |
| Renter Occupied HU | 3,485 (32.2%) |
| Vacant Housing Units | 737 ( 6.8%) |
| Median Home Value | $491,634 |
| Average Home Value | $530,221 |
Housing Distribution
Address Breakdown
Residential
10,220
Single Family
10,133
Multi-Family
87
Businesses
335
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Listed by: Mikala Astry • Bindel Inc.
Mls Name: HBMLS
Mls Provider:
Mls ID: #270430
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.