2444 Rainbow Rd.MeyersCA96150
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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
Investment property for sale in Meyers at 2444 Rainbow Rd, Meyers, CA, 96150 uses $124,313 cash to close to unlock $8,023/yr annual cash flow and $669/mo monthly cash flow. Total monthly income runs $2,993/mo, and a $1,835/mo payment keeps the spread at $669/mo. Purchase price stands at $375,000, and rental yield measures 9.58% with $2,993/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 137.47% and total cumulative return in cash records $170,895. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,993/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1938
N/A lot
$N/A/sqft
$5 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96150, South Lake Tahoe, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,165 (100%) |
| Owner Occupied HU | 6,582 (27.2%) |
| Renter Occupied HU | 6,314 (26.1%) |
| Vacant Housing Units | 11,269 (46.6%) |
| Median Home Value | $752,056 |
| Average Home Value | $832,257 |
Housing Distribution
Address Breakdown
Residential
10,598
Single Family
9,164
Multi-Family
1,434
Businesses
983
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Listed by: N/A • N/A
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