53 S Wallace Lake DrWallaceCA95254
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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 Wallace at 53 S Wallace Lake Dr, Wallace, CA, 95254 offers $0/mo rent that, after a $2,389/mo payment. Total monthly income is $0/mo. Return on cash invested measures -2.8% in year one, and rental yield stands at 0% at a $488,000 entry. Equity gained on principal adds $3,149/yr while 5% annual appreciation compounds into $134,825 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $2,389/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.26 Acres lot
$N/A/sqft
$42 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95254, Wallace, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 179 (100%) |
| Owner Occupied HU | 126 (70.4%) |
| Renter Occupied HU | 47 (26.3%) |
| Vacant Housing Units | 6 ( 3.4%) |
| Median Home Value | $591,463 |
| Average Home Value | $585,397 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: REX ZHANG • Grand Realty Group
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #225066840
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