740 Cove DrBig Bear LakeCA92315
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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 Big Bear Lake at 740 Cove Dr, Big Bear Lake, CA, 92315 listed at $709,900 pairs $3,055/mo rent with a $3,475/mo payment. Total monthly income runs $3,055/mo. Return on cash invested measures 13.19% in year one, and rental yield registers 5.16% at a $709,900 basis. Equity gained on principal adds $4,581/yr, and annual property appreciation at 5% supports $196,132 by year five. Five-year ROI tracks 66.8% and total cumulative return in cash totals $156,016. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,055/mo property income relative to a $3,475/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92315, Big Bear Lake, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,119 (100%) |
| Owner Occupied HU | 1,446 (14.3%) |
| Renter Occupied HU | 998 ( 9.9%) |
| Vacant Housing Units | 7,675 (75.8%) |
| Median Home Value | $727,355 |
| Average Home Value | $783,110 |
Housing Distribution
Address Breakdown
Residential
742
Single Family
742
Multi-Family
0
Businesses
303
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Listed by: KENNETH SIMONDS • KELLER WILLIAMS BIG BEAR
Mls Name: CRMLS
Mls ID: #IG25194917