31911 Mendocino Pass RoadCoveloCA95428
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 Covelo at 31911 Mendocino Pass Road, Covelo, CA, 95428 offers $1,345/mo rent that, after a $857/mo payment, leaves $262/mo cash flow. Total monthly income is $1,345/mo, and annual cash flow is $3,143/yr on $58,013 cash. Return on cash invested measures 25.33% in year one, and rental yield stands at 9.22% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 131.88% and total cumulative return in cash reaches $76,507. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,345/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95428, Covelo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,266 (100%) |
| Owner Occupied HU | 706 (55.8%) |
| Renter Occupied HU | 355 (28.0%) |
| Vacant Housing Units | 205 (16.2%) |
| Median Home Value | $523,148 |
| Average Home Value | $592,365 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
454
Multi-Family
0
Businesses
67
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tony Sorace • Ponderosa & Sun Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #324048356
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.