3040 Lakeview DrNiceCA95464
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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 Nice at 3040 Lakeview Dr, Nice, CA, 95464 offers a 9.29% rental yield on a $119,000 purchase with $921/mo rent. Total monthly income registers $921/mo, and a $582/mo payment leaves $185/mo available for distribution. Annual cash flow reaches $2,223/yr on $39,449 to close, and return on cash invested stands at 25.55% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Portfolio math shows five-year ROI at 133.16% and total cumulative return in cash at $52,529. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $921/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1969
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95464, Nice, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,395 (100%) |
| Owner Occupied HU | 747 (53.5%) |
| Renter Occupied HU | 380 (27.2%) |
| Vacant Housing Units | 268 (19.2%) |
| Median Home Value | $156,157 |
| Average Home Value | $228,337 |
Housing Distribution
Address Breakdown
Residential
320
Single Family
320
Multi-Family
0
Businesses
40
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Listed by: Trista Fossa • W Real Estate
Mls Name: CRMLS
Mls ID: #LC25266684