408 Red SkyPortolaCA96122
Nearby investment properties with comparable rents
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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 Portola at 408 Red Sky, Portola, CA, 96122 offers $5,264/mo rent that, after a $4,743/mo payment. Total monthly income is $5,264/mo. Return on cash invested measures 16.94% in year one, and rental yield stands at 6.52% at a $969,000 entry. Equity gained on principal adds $6,253/yr while 5% annual appreciation compounds into $267,717 by year five. Five-year ROI records 87.01% and total cumulative return in cash reaches $277,383. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,264/mo property income versus a $4,743/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
1.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96122, Portola, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,597 (100%) |
| Owner Occupied HU | 1,289 (49.6%) |
| Renter Occupied HU | 590 (22.7%) |
| Vacant Housing Units | 718 (27.6%) |
| Median Home Value | $376,944 |
| Average Home Value | $444,777 |
Housing Distribution
Address Breakdown
Residential
1,462
Single Family
1,370
Multi-Family
92
Businesses
186
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Nearby investment properties with comparable prices
Listed by: Christopher Parent • AARE
Mls Name: Plumas AOR
Mls Provider:
Mls ID: #20240408
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Plumas Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright 2024 Plumas Association of Realtors. All Rights Reserved.