3630 Olive StClearlakeCA95422
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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
Investment property for sale in Clearlake at 3630 Olive St, Clearlake, CA, 95422 uses $89,174 cash to close to unlock $1,050/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $1,752/mo, and a $1,317/mo payment keeps the spread at $88/mo. Purchase price stands at $269,000, and rental yield measures 7.82% with $1,752/mo rent. Return on cash invested shows 21.09% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 109.16% and total cumulative return in cash records $97,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,752/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1963
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95422, Clearlake, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,385 (100%) |
| Owner Occupied HU | 3,856 (46.0%) |
| Renter Occupied HU | 2,825 (33.7%) |
| Vacant Housing Units | 1,704 (20.3%) |
| Median Home Value | $215,762 |
| Average Home Value | $288,917 |
Housing Distribution
Address Breakdown
Residential
5,743
Single Family
5,365
Multi-Family
378
Businesses
404
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Listed by: Shelley R Furr • Berkshire Hathaway
Mls Name: BAREIS
Mls Provider:
Mls ID: #324067251
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.