704 Westwood DriveExeterCA93221
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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
Investment property for sale in Exeter at 704 Westwood Drive, Exeter, CA, 93221 uses $115,992 cash to close to unlock $1,320/yr annual cash flow and $110/mo monthly cash flow. Total monthly income runs $2,275/mo, and a $1,713/mo payment keeps the spread at $110/mo. Purchase price stands at $349,900, and rental yield measures 7.8% with $2,275/mo rent. Return on cash invested shows 21.05% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 108.99% and total cumulative return in cash records $126,414. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,275/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1975
7,328 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: Robyn E Icenhower • Independent Broker Network
Mls Name: TCMLS
Mls ID: #235780