624 Highland AveEurekaCA95503
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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 Eureka at 624 Highland Ave, Eureka, CA, 95503 priced at $270,000 pairs $2,538/mo rent with $661/mo cash flow after a $1,322/mo payment. Total monthly income equals $2,538/mo, and annual cash flow comes to $7,931/yr on $89,505 invested. Return on cash invested is 28.77% in year one, and rental yield stands at 11.28% on a $270,000 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,596 by year five. Five-year ROI measures 151.35% and total cumulative return in cash reaches $135,469. For financing, Ziffy Mortgage’s DSCR program evaluates $2,538/mo property income against a $1,322/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95503, Eureka, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,819 (100%) |
| Owner Occupied HU | 6,597 (61.0%) |
| Renter Occupied HU | 3,485 (32.2%) |
| Vacant Housing Units | 737 ( 6.8%) |
| Median Home Value | $491,634 |
| Average Home Value | $530,221 |
Housing Distribution
Address Breakdown
Residential
10,220
Single Family
10,133
Multi-Family
87
Businesses
335
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Listed by: Nikki Arnold • Benchmark Realty Group/ Mb
Mls Name: HBMLS
Mls Provider:
Mls ID: #270773
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.