350 N Filbert RoadExeterCA93221
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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 Exeter at 350 N Filbert Road, Exeter, CA, 93221 priced at $299,000 converts $2,209/mo rent into $360/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,209/mo, and annual cash flow totals $4,317/yr on $99,119 invested. Return on cash invested prints 24.26% in year one, and rental yield reads 8.87% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 126.19% and total cumulative return in cash sums $125,074. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,209/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 2005
9,535 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93221, Exeter, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,429 (100%) |
| Owner Occupied HU | 3,321 (61.2%) |
| Renter Occupied HU | 1,787 (32.9%) |
| Vacant Housing Units | 321 ( 5.9%) |
| Median Home Value | $413,195 |
| Average Home Value | $474,015 |
Housing Distribution
Address Breakdown
Residential
5,183
Single Family
4,917
Multi-Family
266
Businesses
511
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Listed by: Tricia Kirksey • Melson Realty, Inc.
Mls Name: TCMLS
Mls ID: #237282