32 Summit View LnFortunaCA95540
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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
Rental property for sale in Fortuna at 32 Summit View Ln, Fortuna, CA, 95540 priced at $649,000 converts $2,748/mo rent into after a $3,177/mo obligation. Total monthly income equals $2,748/mo. Return on cash invested prints 12.94% in year one, and rental yield reads 5.08% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 65.42% and total cumulative return in cash sums $139,692. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,748/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95540, Fortuna, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,078 (100%) |
| Owner Occupied HU | 3,434 (56.5%) |
| Renter Occupied HU | 2,213 (36.4%) |
| Vacant Housing Units | 431 ( 7.1%) |
| Median Home Value | $520,413 |
| Average Home Value | $569,401 |
Housing Distribution
Address Breakdown
Residential
5,894
Single Family
5,758
Multi-Family
136
Businesses
595
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Listed by: Hannes Becker • RE/MAX Humboldt Realty
Mls Name: HBMLS
Mls ID: #270972