2616 Lakewest DrChicoCA95928
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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
Rental property for sale in Chico at 2616 Lakewest Dr, Chico, CA, 95928 generates $3,523/mo in rent, after a $3,372/mo payment. Total monthly income is $3,523/mo. Return on cash invested sits at 14.66% in year one, and rental yield is 6.14% on a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation builds toward $190,358 over five years. Five-year ROI reaches 75.22% and total cumulative return in cash sums $170,502. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,523/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
6,098 sqft lot
$N/A/sqft
$930 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95928, Chico, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,919 (100%) |
| Owner Occupied HU | 6,931 (38.7%) |
| Renter Occupied HU | 9,500 (53.0%) |
| Vacant Housing Units | 1,488 ( 8.3%) |
| Median Home Value | $507,386 |
| Average Home Value | $561,987 |
Housing Distribution
Address Breakdown
Residential
16,740
Single Family
12,881
Multi-Family
3,859
Businesses
1,892
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Listed by: Siu Man Kwan • VIP Premier Realty Corp
Mls Name: CLAW
Mls Provider:
Mls ID: #25-489793
Disclaimer: 2025 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2025-06-15 20:32:48 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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.