608 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
Investment property for sale in Alturas at 608 N East St, Alturas, CA, 96101 uses $39,780 cash to close to unlock $5,209/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $1,231/mo, and a $587/mo payment keeps the spread at $434/mo. Purchase price stands at $120,000, and rental yield measures 12.31% with $1,231/mo rent. Return on cash invested shows 33% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 173.8% and total cumulative return in cash records $69,139. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,231/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1946
7,405 sqft 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: N/A • N/A
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