24440 Foothill BlvdCoveloCA95428
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
Rental property for sale in Covelo at 24440 Foothill Blvd, Covelo, CA, 95428 priced at $239,000 converts $2,310/mo rent into $620/mo cash flow after a $1,170/mo obligation. Total monthly income equals $2,310/mo, and annual cash flow totals $7,445/yr on $79,229 invested. Return on cash invested prints 29.31% in year one, and rental yield reads 11.6% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 154.43% and total cumulative return in cash sums $122,352. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,310/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in N/A
4.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95428, Covelo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,266 (100%) |
| Owner Occupied HU | 706 (55.8%) |
| Renter Occupied HU | 355 (28.0%) |
| Vacant Housing Units | 205 (16.2%) |
| Median Home Value | $523,148 |
| Average Home Value | $592,365 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
454
Multi-Family
0
Businesses
67
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Nearby investment properties with comparable prices
Listed by: Jason E Wolf • Summit Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #323017953
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.