2488 Eye StArcataCA95521
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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 Arcata at 2488 Eye St, Arcata, CA, 95521 offers a 6.32% rental yield on a $440,000 purchase with $2,317/mo rent. 57% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,564 over five years. Portfolio math shows five-year ROI at 84.96% and total cumulative return in cash at $123,922. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,317/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95521, Arcata, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,198 (100%) |
| Owner Occupied HU | 3,463 (34.0%) |
| Renter Occupied HU | 5,885 (57.7%) |
| Vacant Housing Units | 850 ( 8.3%) |
| Median Home Value | $521,271 |
| Average Home Value | $533,584 |
Housing Distribution
Address Breakdown
Residential
9,236
Single Family
7,941
Multi-Family
1,295
Businesses
871
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Listed by: Jessika Chapman • Corcoran Icon Properties Eureka
Mls Name: HBMLS
Mls Provider:
Mls ID: #267059
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.