502 Chipman AveGerberCA96035
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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 Gerber at 502 Chipman Ave, Gerber, CA, 96035 priced at $240,000 pairs $1,680/mo rent with $195/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,680/mo, and annual cash flow comes to $2,340/yr on $79,560 invested. Return on cash invested is 22.85% in year one, and rental yield stands at 8.4% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 118.62% and total cumulative return in cash reaches $94,370. For financing, Ziffy Mortgage’s DSCR program evaluates $1,680/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96035, Gerber, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,476 (100%) |
| Owner Occupied HU | 895 (60.6%) |
| Renter Occupied HU | 433 (29.3%) |
| Vacant Housing Units | 148 (10.0%) |
| Median Home Value | $460,303 |
| Average Home Value | $473,263 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
36
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Listed by: Robin Fox • eXp Realty of California, Inc.
Mls Name: CRMLS
Mls ID: #SN25248513