293 Glenmore WaySouth Lake TahoeCA96150
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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 South Lake Tahoe at 293 Glenmore Way, South Lake Tahoe, CA, 96150 with 5% annual appreciation on a $940,000 basis while $5,825/mo rent supports operations. Total monthly income totals $5,825/mo and a $4,601/mo payment preserves $10/mo for cash returns. Annual cash flow comes to $118/yr on $309,260 deployed, and return on cash invested reaches 20.1% in year one. Equity gained on principal adds $6,066/yr, and five-year appreciation sums $259,705 alongside rental yield of 7.44%. Five-year ROI measures 103.81% and total cumulative return in cash totals $321,054.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,825/mo property income versus a $4,601/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
0.53 Acres lot
$N/A/sqft
No 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: Brent Johnson • Chase International - South La
Mls Name: STAOR
Mls Provider:
Mls ID: #141298