243 Newell DrFortunaCA95540
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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 Fortuna at 243 Newell Dr, Fortuna, CA, 95540 priced at $299,000 pairs $2,923/mo rent with $1,074/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,923/mo, and annual cash flow comes to $12,885/yr on $99,119 invested. Return on cash invested is 32.91% in year one, and rental yield stands at 11.73% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 172.54% and total cumulative return in cash reaches $171,022. For financing, Ziffy Mortgage’s DSCR program evaluates $2,923/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1935
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95540, Fortuna, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,078 (100%) |
| Owner Occupied HU | 3,434 (56.5%) |
| Renter Occupied HU | 2,213 (36.4%) |
| Vacant Housing Units | 431 ( 7.1%) |
| Median Home Value | $520,413 |
| Average Home Value | $569,401 |
Housing Distribution
Address Breakdown
Residential
5,894
Single Family
5,758
Multi-Family
136
Businesses
595
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Listed by: Larry "Sockeye" Salmon • Ming Tree, Inc.
Mls Name: HBMLS
Mls ID: #269936