3029 Steiner LnChicoCA95973
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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 Chico at 3029 Steiner Ln, Chico, CA, 95973 offers a 8.71% rental yield on a $464,990 purchase with $3,376/mo rent. Total monthly income registers $3,376/mo, and a $2,276/mo payment leaves $499/mo available for distribution. Annual cash flow reaches $5,993/yr on $154,144 to close, and return on cash invested stands at 23.8% in year one. Equity gained on principal adds $3,001/yr while 5% annual appreciation supports $128,468 over five years. Portfolio math shows five-year ROI at 123.69% and total cumulative return in cash at $190,664. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,376/mo property income against a $2,276/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95973, Chico, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,775 (100%) |
| Owner Occupied HU | 9,269 (55.3%) |
| Renter Occupied HU | 6,726 (40.1%) |
| Vacant Housing Units | 780 ( 4.6%) |
| Median Home Value | $496,934 |
| Average Home Value | $539,362 |
Housing Distribution
Address Breakdown
Residential
16,726
Single Family
14,083
Multi-Family
2,643
Businesses
1,144
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Listed by: Amber Lynn Estates • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A