59 Magnesio StOrovilleCA95965
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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 Oroville at 59 Magnesio St, Oroville, CA, 95965 offers $2,974/mo rent that, after a $2,031/mo payment, leaves $407/mo cash flow. Total monthly income is $2,974/mo, and annual cash flow is $4,883/yr on $137,573 cash. Return on cash invested measures 23.46% in year one, and rental yield stands at 8.6% at a $415,000 entry. Equity gained on principal adds $2,678/yr while 5% annual appreciation compounds into $114,657 by year five. Five-year ROI records 121.86% and total cumulative return in cash reaches $167,649. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,974/mo property income versus a $2,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95965, Oroville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,264 (100%) |
| Owner Occupied HU | 4,132 (50.0%) |
| Renter Occupied HU | 3,338 (40.4%) |
| Vacant Housing Units | 794 ( 9.6%) |
| Median Home Value | $355,605 |
| Average Home Value | $437,386 |
Housing Distribution
Address Breakdown
Residential
7,839
Single Family
7,002
Multi-Family
837
Businesses
751
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Listed by: Megan Page • Keller Williams Realty Chico Area
Mls Name: CRMLS
Mls ID: #SN25190495