374 E 23rd StChicoCA95928
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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 Chico at 374 E 23rd St, Chico, CA, 95928 priced at $227,743 converts $1,895/mo rent into $417/mo cash flow after a $1,115/mo obligation. Total monthly income equals $1,895/mo, and annual cash flow totals $5,006/yr on $75,497 invested. Return on cash invested prints 26.54% in year one, and rental yield reads 9.98% against a $227,743 entry. Equity gained on principal adds $1,470/yr, while 5% annual appreciation compiles into $62,921 by year five. Five-year ROI reaches 138.85% and total cumulative return in cash sums $104,826. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,895/mo property income covering a $1,115/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95928, Chico, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,919 (100%) |
| Owner Occupied HU | 6,931 (38.7%) |
| Renter Occupied HU | 9,500 (53.0%) |
| Vacant Housing Units | 1,488 ( 8.3%) |
| Median Home Value | $507,386 |
| Average Home Value | $561,987 |
Housing Distribution
Address Breakdown
Residential
16,740
Single Family
12,881
Multi-Family
3,859
Businesses
1,892
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A