40100 Mendocino Pass RoadCoveloCA95428
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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 Covelo at 40100 Mendocino Pass Road, Covelo, CA, 95428 with 5% annual appreciation on a $249,000 basis while $2,429/mo rent supports operations. Total monthly income totals $2,429/mo and a $1,219/mo payment preserves $888/mo for cash returns. Annual cash flow comes to $10,660/yr on $82,544 deployed, and return on cash invested reaches 32.82% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 11.71%. Five-year ROI measures 172.12% and total cumulative return in cash totals $142,076.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,429/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
30.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95428, Covelo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,266 (100%) |
| Owner Occupied HU | 706 (55.8%) |
| Renter Occupied HU | 355 (28.0%) |
| Vacant Housing Units | 205 (16.2%) |
| Median Home Value | $523,148 |
| Average Home Value | $592,365 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
454
Multi-Family
0
Businesses
67
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Listed by: Jason E Wolf • Summit Realty
Mls Name: BAREIS
Mls ID: #326004522