602 S Spruce RdExeterCA93221
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
Investment property for sale in Exeter at 602 S Spruce Rd, Exeter, CA, 93221 with 5% annual appreciation on a $726,000 basis while $2,612/mo rent supports operations. 62% in year one. Equity gained on principal adds $4,685/yr, and five-year appreciation sums $200,580 alongside rental yield of 4.32%. Five-year ROI measures 53.01% and total cumulative return in cash totals $126,607. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,612/mo property income versus a $3,553/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
7.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93221, Exeter, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,429 (100%) |
| Owner Occupied HU | 3,321 (61.2%) |
| Renter Occupied HU | 1,787 (32.9%) |
| Vacant Housing Units | 321 ( 5.9%) |
| Median Home Value | $413,195 |
| Average Home Value | $474,015 |
Housing Distribution
Address Breakdown
Residential
5,183
Single Family
4,917
Multi-Family
266
Businesses
511
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Campbell • Jim Campbell
Mls Name: MetroList Services of CA
Mls ID: #226003190