718 E Myer AvenueExeterCA93221
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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 718 E Myer Avenue, Exeter, CA, 93221 offers a 8.53% rental yield on a $449,000 purchase with $3,191/mo rent. Total monthly income registers $3,191/mo, and a $2,198/mo payment leaves $413/mo available for distribution. Annual cash flow reaches $4,956/yr on $148,844 to close, and return on cash invested stands at 23.24% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 120.73% and total cumulative return in cash at $179,692. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,191/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
1 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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Listed by: Carlos Aleman • The Equity Group
Mls Name: TCMLS
Mls ID: #239138