24450 Wattenburg RoadCoveloCA95428
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 Covelo at 24450 Wattenburg Road, Covelo, CA, 95428 offers a 6.81% rental yield on a $570,000 purchase with $3,234/mo rent. 19% in year one. Equity gained on principal adds $3,678/yr while 5% annual appreciation supports $157,480 over five years. Portfolio math shows five-year ROI at 93.59% and total cumulative return in cash at $175,501. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,234/mo property income against a $2,790/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
22.76 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason E Wolf • Summit Realty
Mls Name: BAREIS
Mls ID: #325053603