303 S Rine StAlturasCA96101
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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 Alturas at 303 S Rine St, Alturas, CA, 96101 listed at $250,000 pairs $1,565/mo rent with a $1,224/mo payment to leave $18/mo cash flow. Total monthly income runs $1,565/mo, and annual cash flow reaches $217/yr on $82,875 cash to close. Return on cash invested measures 20.17% in year one, and rental yield registers 7.51% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 104.29% and total cumulative return in cash totals $86,434. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,565/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1895
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96101, Alturas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,591 (100%) |
| Owner Occupied HU | 1,449 (55.9%) |
| Renter Occupied HU | 710 (27.4%) |
| Vacant Housing Units | 432 (16.7%) |
| Median Home Value | $230,139 |
| Average Home Value | $330,102 |
Housing Distribution
Address Breakdown
Residential
2,176
Single Family
2,176
Multi-Family
0
Businesses
312
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Listed by: Linda Marchy • eXp Realty of Northern California, Inc
Mls Name: Modoc County AOR
Mls ID: #2906640