3610 Spruce Ave #4South Lake TahoeCA96150
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 South Lake Tahoe at 3610 Spruce Ave #4, South Lake Tahoe, CA, 96150 uses $135,584 cash to close to unlock $9,644/yr annual cash flow and $804/mo monthly cash flow. Total monthly income runs $3,334/mo, and a $2,002/mo payment keeps the spread at $804/mo. Purchase price stands at $409,000, and rental yield measures 9.78% with $3,334/mo rent. Return on cash invested shows 27.02% in year one, and 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 140.98% and total cumulative return in cash records $191,145. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,334/mo property income covering a $2,002/mo payment rather than investor’s personal income.
Condo
Built in 1965
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96150, South Lake Tahoe, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,165 (100%) |
| Owner Occupied HU | 6,582 (27.2%) |
| Renter Occupied HU | 6,314 (26.1%) |
| Vacant Housing Units | 11,269 (46.6%) |
| Median Home Value | $752,056 |
| Average Home Value | $832,257 |
Housing Distribution
Address Breakdown
Residential
10,598
Single Family
9,164
Multi-Family
1,434
Businesses
983
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Claudette A Olsen • Coldwell Banker Select - LTB
Mls Name: STAOR
Mls ID: #142435