2440 Thiel Ave #0McKinleyvilleCA95519
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 McKinleyville at 2440 Thiel Ave #0, McKinleyville, CA, 95519 uses $123,981 cash to close to unlock $6,791/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,831/mo payment keeps the spread at $566/mo. Purchase price stands at $374,000, and rental yield measures 9.24% with $2,880/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $103,329 over five years. Five-year ROI reaches 132.2% and total cumulative return in cash records $163,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,831/mo payment rather than investor’s personal income.
Single Family
Built in 1984
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95519, Mckinleyville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,328 (100%) |
| Owner Occupied HU | 4,710 (56.6%) |
| Renter Occupied HU | 3,022 (36.3%) |
| Vacant Housing Units | 596 ( 7.2%) |
| Median Home Value | $561,148 |
| Average Home Value | $622,492 |
Housing Distribution
Address Breakdown
Residential
7,932
Single Family
7,826
Multi-Family
106
Businesses
459
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Catrina Kristine Bindel • Bindel Inc.
Mls Name: HBMLS
Mls Provider:
Mls ID: #269361
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.