689 Alpha StEurekaCA95503
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 689 Alpha St, Eureka, CA, 95503 priced at $389,500 converts $3,384/mo rent into $975/mo cash flow after a $1,906/mo obligation. Total monthly income equals $3,384/mo, and annual cash flow totals $11,699/yr on $129,119 invested. Return on cash invested prints 28.97% in year one, and rental yield reads 10.43% against a $389,500 entry. Equity gained on principal adds $2,513/yr, while 5% annual appreciation compiles into $107,612 by year five. Five-year ROI reaches 151.41% and total cumulative return in cash sums $195,499. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,384/mo property income covering a $1,906/mo payment, not borrower’s personal income.
Single Family
Built in 1982
8,276 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: Kira Middleton • Corcoran Icon Properties Arcata
Mls Name: HBMLS
Mls Provider:
Mls ID: #267888
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.