304 E 4th StAlturasCA96101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Alturas at 304 E 4th St, Alturas, CA, 96101 offers $1,586/mo rent that, after a $1,126/mo payment, leaves $163/mo cash flow. Total monthly income is $1,586/mo, and annual cash flow is $1,955/yr on $76,245 cash. Return on cash invested measures 22.47% in year one, and rental yield stands at 8.27% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 116.59% and total cumulative return in cash reaches $88,891. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,586/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
8,424 sqft 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 CA Inc
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224100522
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.