24 Northwood Commons PlChicoCA95973
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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 Chico at 24 Northwood Commons Pl, Chico, CA, 95973 offers $2,438/mo rent that, after a $1,848/mo payment, leaves $102/mo cash flow. Total monthly income is $2,438/mo, and annual cash flow is $1,229/yr on $125,141 cash. Return on cash invested measures 20.89% in year one, and rental yield stands at 7.75% at a $377,500 entry. Equity gained on principal adds $2,436/yr while 5% annual appreciation compounds into $104,296 by year five. Five-year ROI records 108.12% and total cumulative return in cash reaches $135,308. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,438/mo property income versus a $1,848/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1979
2,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95973, Chico, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,775 (100%) |
| Owner Occupied HU | 9,269 (55.3%) |
| Renter Occupied HU | 6,726 (40.1%) |
| Vacant Housing Units | 780 ( 4.6%) |
| Median Home Value | $496,934 |
| Average Home Value | $539,362 |
Housing Distribution
Address Breakdown
Residential
16,726
Single Family
14,083
Multi-Family
2,643
Businesses
1,144
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Listed by: Kelsey Caldwell • Rancho Chico Real Estate
Mls Name: CRMLS
Mls ID: #SN25165476