24433 Summit DriveLemon CoveCA93244
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 24433 Summit Drive, Lemon Cove, CA, 93244 in Lemon Cove offers a clean, manageable entry. Rental yield 6.34%. DSCR 1.18 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $113,248 in additional property value over five years, with $3,775/yr in principal equity building ownership stake. Total projected cumulative return: $131,732.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.3% | 10.0% |
| Monthly Cash Flow | $(369) | $500 |
City averages based on Lemon Cove market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,167 |
| Total Monthly Debt Service | $2,373 |
| DSCR Ratio | 0.91x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1989
4,225 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93244, Lemon Cove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 88 (100%) |
| Owner Occupied HU | 64 (72.7%) |
| Renter Occupied HU | 22 (25.0%) |
| Vacant Housing Units | 2 ( 2.3%) |
| Median Home Value | $586,207 |
| Average Home Value | $611,133 |
Housing Distribution
Address Breakdown
Residential
9
Single Family
9
Multi-Family
0
Businesses
32
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
Single Family
Built in 1989
4,225 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93244, Lemon Cove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 88 (100%) |
| Owner Occupied HU | 64 (72.7%) |
| Renter Occupied HU | 22 (25.0%) |
| Vacant Housing Units | 2 ( 2.3%) |
| Median Home Value | $586,207 |
| Average Home Value | $611,133 |
Housing Distribution
Address Breakdown
Residential
9
Single Family
9
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: TCMLS
Mls ID: #240175