38247 State Highway 299 Hwy EBurneyCA96013
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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 Burney at 38247 State Highway 299 Hwy E, Burney, CA, 96013 offers a 25.76% rental yield on a $119,000 purchase with $2,555/mo rent. Total monthly income registers $2,555/mo, and a $582/mo payment leaves $1,819/mo available for distribution. Annual cash flow reaches $21,831/yr on $39,449 to close, and return on cash invested stands at 75.25% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Portfolio math shows five-year ROI at 399.69% and total cumulative return in cash at $157,673. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,555/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96013, Burney, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,028 (100%) |
| Owner Occupied HU | 1,125 (55.5%) |
| Renter Occupied HU | 592 (29.2%) |
| Vacant Housing Units | 311 (15.3%) |
| Median Home Value | $293,889 |
| Average Home Value | $369,151 |
Housing Distribution
Address Breakdown
Residential
1,605
Single Family
1,605
Multi-Family
0
Businesses
182
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Listed by: Janet E Jones • High Country Real Estate
Mls Name: SMLS
Mls Provider:
Mls ID: #24-3599
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.