299 Summit AveSonoraCA95370
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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 Sonora at 299 Summit Ave, Sonora, CA, 95370 priced at $385,000 converts $2,447/mo rent into $66/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,447/mo, and annual cash flow totals $788/yr on $127,628 invested. Return on cash invested prints 20.53% in year one, and rental yield reads 7.63% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 106.15% and total cumulative return in cash sums $135,478. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,447/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1947
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95370, Sonora, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,030 (100%) |
| Owner Occupied HU | 8,505 (60.6%) |
| Renter Occupied HU | 3,711 (26.5%) |
| Vacant Housing Units | 1,814 (12.9%) |
| Median Home Value | $481,836 |
| Average Home Value | $581,494 |
Housing Distribution
Address Breakdown
Residential
12,056
Single Family
11,235
Multi-Family
821
Businesses
1,270
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Listed by: Nicole Robinson • BHHS Drysdale- Sonora
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls ID: #41119783