833 & 835 Elk Creek RdHappy CampCA96039
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 833 & 835 Elk Creek Rd, Happy Camp, CA, 96039 in Happy Camp the bet is firmly on appreciation. Rental yield 4.71%. The 4.71% gross yield on a $799,000 price is below income-first thresholds, but 5%/yr value growth projects $220,749 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.87) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $186,807.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.7% | 7.0% |
| Monthly Cash Flow | $(1,805) | $1,200 |
City averages based on Happy Camp market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,138 |
| Total Monthly Debt Service | $4,625 |
| DSCR Ratio | 0.68x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
4.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96039, Happy Camp, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 590 (100%) |
| Owner Occupied HU | 283 (48.0%) |
| Renter Occupied HU | 170 (28.8%) |
| Vacant Housing Units | 137 (23.2%) |
| Median Home Value | $301,163 |
| Average Home Value | $366,846 |
Housing Distribution
Address Breakdown
Residential
20
Single Family
20
Multi-Family
0
Businesses
57
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
Single Family
Built in N/A
4.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96039, Happy Camp, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 590 (100%) |
| Owner Occupied HU | 283 (48.0%) |
| Renter Occupied HU | 170 (28.8%) |
| Vacant Housing Units | 137 (23.2%) |
| Median Home Value | $301,163 |
| Average Home Value | $366,846 |
Housing Distribution
Address Breakdown
Residential
20
Single Family
20
Multi-Family
0
Businesses
57
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katrina Hamilton • Atlas Realty Inc.
Mls Name: SMLS
Mls ID: #20250904