362 N Main StWillitsCA95490
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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 Willits at 362 N Main St, Willits, CA, 95490 priced at $825,000 converts $2,201/mo rent into after a $4,038/mo obligation. Total monthly income equals $2,201/mo. Return on cash invested prints 7.23% in year one, and rental yield reads 3.2% against a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation compiles into $227,932 by year five. Five-year ROI reaches 34.81% and total cumulative return in cash sums $94,473. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,201/mo property income covering a $4,038/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
7,684 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95490, Willits, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,299 (100%) |
| Owner Occupied HU | 3,598 (57.1%) |
| Renter Occupied HU | 1,999 (31.7%) |
| Vacant Housing Units | 702 (11.1%) |
| Median Home Value | $441,899 |
| Average Home Value | $534,340 |
Housing Distribution
Address Breakdown
Residential
5,458
Single Family
5,178
Multi-Family
280
Businesses
526
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Listed by: Christina Yates • Luxe Places International R
Mls Name: BAREIS
Mls Provider:
Mls ID: #324031706
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.