5409 Covert RdSalidaCA95368
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 Salida at 5409 Covert Rd, Salida, CA, 95368 generates $3,169/mo in rent and, after a $2,374/mo payment, leaves $169/mo in cash flow. Total monthly income is $3,169/mo, and annual cash flow is $2,022/yr on $160,778 invested. Return on cash invested sits at 21.17% in year one, and rental yield is 7.84% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 109.6% and total cumulative return in cash sums $176,210. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,169/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95368, Salida, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,020 (100%) |
| Owner Occupied HU | 3,065 (76.2%) |
| Renter Occupied HU | 896 (22.3%) |
| Vacant Housing Units | 59 ( 1.5%) |
| Median Home Value | $462,962 |
| Average Home Value | $544,340 |
Housing Distribution
Address Breakdown
Residential
4,044
Single Family
4,044
Multi-Family
0
Businesses
306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diana Lopez • Premier Source Real Estate
Mls Name: MetroList Services of CA
Mls ID: #225144795