23840 Grange StreetCoveloCA95428
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 23840 Grange Street, Covelo, CA, 95428 earns $244/mo cash flow from $2,093/mo rent with a $1,463/mo payment. Total monthly income totals $2,093/mo, and annual cash flow totals $2,925/yr on $99,119 capital. ROI tracks 22.86% on current figures, and rental yield reads 8.4% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 118.67% and total cumulative return in cash sums $117,622. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,093/mo property income instead of your personal income.
Single Family
Built in N/A
0.29 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason E Wolf • Summit Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #323017954
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.