646 S Spruce RoadExeterCA93221
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 Exeter at 646 S Spruce Road, Exeter, CA, 93221 priced at $550,000 pairs $2,575/mo rent with after a $2,692/mo payment. Total monthly income equals $2,575/mo. Return on cash invested is 14.57% in year one, and rental yield stands at 5.62% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 74.19% and total cumulative return in cash reaches $134,254. For financing, Ziffy Mortgage’s DSCR program evaluates $2,575/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
2.70 Acres 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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Nearby investment properties with comparable prices
Listed by: Sara Dupuis • Keller Williams Realty Tulare County
Mls Name: TCMLS
Mls Provider:
Mls ID: #231309
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-09-12 23:16:48 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.