605 N East StAlturasCA96101
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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 Alturas at 605 N East St, Alturas, CA, 96101 priced at $274,500 converts $2,030/mo rent into $306/mo cash flow after a $1,344/mo obligation. Total monthly income equals $2,030/mo, and annual cash flow totals $3,673/yr on $90,997 invested. Return on cash invested prints 23.94% in year one, and rental yield reads 8.87% against a $274,500 entry. Equity gained on principal adds $1,771/yr, while 5% annual appreciation compiles into $75,839 by year five. Five-year ROI reaches 124.66% and total cumulative return in cash sums $113,434. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,030/mo property income covering a $1,344/mo payment, not borrower’s personal income.
Single Family
Built in 1925
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96101, Alturas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,591 (100%) |
| Owner Occupied HU | 1,449 (55.9%) |
| Renter Occupied HU | 710 (27.4%) |
| Vacant Housing Units | 432 (16.7%) |
| Median Home Value | $230,139 |
| Average Home Value | $330,102 |
Housing Distribution
Address Breakdown
Residential
2,176
Single Family
2,176
Multi-Family
0
Businesses
312
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Listed by: WHITNEY KUNDRATH • SIERRA DESERT PROPERTIES
Mls Name: Lassen MLS
Mls Provider:
Mls ID: #202400592
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