615 N Orange AvenueExeterCA93221
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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 Exeter at 615 N Orange Avenue, Exeter, CA, 93221 priced at $349,000 converts $2,347/mo rent into $188/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,347/mo, and annual cash flow totals $2,258/yr on $115,694 invested. Return on cash invested prints 21.86% in year one, and rental yield reads 8.07% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 113.33% and total cumulative return in cash sums $131,112. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,347/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 1992
7,740 sqft 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
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Listed by: Tricia Kirksey • Melson Realty, Inc.
Mls Name: TCMLS
Mls ID: #238834