609 Creighton StEurekaCA95501
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 Eureka at 609 Creighton St, Eureka, CA, 95501 priced at $369,000 converts $2,640/mo rent into $357/mo cash flow after a $1,806/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $4,288/yr on $122,324 invested. Return on cash invested prints 23.41% in year one, and rental yield reads 8.59% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 121.65% and total cumulative return in cash sums $148,803. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 1975
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95501, Eureka, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,945 (100%) |
| Owner Occupied HU | 4,082 (37.3%) |
| Renter Occupied HU | 5,985 (54.7%) |
| Vacant Housing Units | 878 ( 8.0%) |
| Median Home Value | $495,100 |
| Average Home Value | $583,057 |
Housing Distribution
Address Breakdown
Residential
10,273
Single Family
9,532
Multi-Family
741
Businesses
1,657
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandon Brown • RE/MAX Humboldt Realty
Mls Name: HBMLS
Mls Provider:
Mls ID: #269192
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.