31231 Lake Ridge DrShingletownCA96088
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
Investment property for sale in Shingletown at 31231 Lake Ridge Dr, Shingletown, CA, 96088 listed at $655,000 pairs $3,966/mo rent with a $3,206/mo payment. Total monthly income runs $3,966/mo. Return on cash invested measures 18.61% in year one, and rental yield registers 7.27% at a $655,000 basis. Equity gained on principal adds $4,227/yr, and annual property appreciation at 5% supports $180,964 by year five. Five-year ROI tracks 96.19% and total cumulative return in cash totals $207,287. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,966/mo property income relative to a $3,206/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
6.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96088, Shingletown, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,774 (100%) |
| Owner Occupied HU | 1,862 (67.1%) |
| Renter Occupied HU | 323 (11.6%) |
| Vacant Housing Units | 589 (21.2%) |
| Median Home Value | $422,076 |
| Average Home Value | $450,231 |
Housing Distribution
Address Breakdown
Residential
2,229
Single Family
2,227
Multi-Family
2
Businesses
71
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Listed by: Richard E Nance • eXp Realty of California, Inc.
Mls Name: SMLS
Mls Provider:
Mls ID: #24-3787
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.