6466 16th AveLucerneCA95458
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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
Investment property for sale in Lucerne at 6466 16th Ave, Lucerne, CA, 95458 offers a 8.96% rental yield on a $239,000 purchase with $1,784/mo rent. Total monthly income registers $1,784/mo, and a $1,170/mo payment leaves $305/mo available for distribution. Annual cash flow reaches $3,663/yr on $79,229 to close, and return on cash invested stands at 24.53% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 127.67% and total cumulative return in cash at $101,148. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,784/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2020
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95458, Lucerne, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,465 (100%) |
| Owner Occupied HU | 732 (50.0%) |
| Renter Occupied HU | 383 (26.1%) |
| Vacant Housing Units | 350 (23.9%) |
| Median Home Value | $302,564 |
| Average Home Value | $410,656 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
665
Multi-Family
30
Businesses
37
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Listed by: Cassie Pivniska • Pivniska Real Estate Group
Mls Name: CRMLS
Mls ID: #LC25249697