45060 Covelo StMendocinoCA95460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mendocino at 45060 Covelo St, Mendocino, CA, 95460 generates $3,270/mo in rent, after a $6,828/mo payment. Total monthly income is $3,270/mo. Return on cash invested sits at 6.14% in year one, and rental yield is 2.81% on a $1,395,000 entry. Equity gained on principal adds $9,002/yr, while 5% annual appreciation builds toward $385,413 over five years. Five-year ROI reaches 28.91% and total cumulative return in cash sums $130,654. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,270/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95460, Mendocino, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,375 (100%) |
| Owner Occupied HU | 735 (53.5%) |
| Renter Occupied HU | 260 (18.9%) |
| Vacant Housing Units | 380 (27.6%) |
| Median Home Value | $664,931 |
| Average Home Value | $796,020 |
Housing Distribution
Address Breakdown
Residential
624
Single Family
624
Multi-Family
0
Businesses
274
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kira Meade • Mendo Sotheby's International Realty
Mls Name: CRMLS
Mls ID: #C1-11131