8633 Meiss Lake Sams Neck RdDorrisCA96023
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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
Rental property for sale in Dorris at 8633 Meiss Lake Sams Neck Rd, Dorris, CA, 96023 priced at $1,400,000 converts $3,376/mo rent into after a $6,852/mo obligation. Total monthly income equals $3,376/mo. Return on cash invested prints 6.39% in year one, and rental yield reads 2.89% against a $1,400,000 entry. Equity gained on principal adds $9,034/yr, while 5% annual appreciation compiles into $386,794 by year five. Five-year ROI reaches 30.24% and total cumulative return in cash sums $137,179. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,376/mo property income covering a $6,852/mo payment, not borrower’s personal income.
Single Family
Built in N/A
320 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96023, Dorris, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 551 (100%) |
| Owner Occupied HU | 307 (55.7%) |
| Renter Occupied HU | 148 (26.9%) |
| Vacant Housing Units | 96 (17.4%) |
| Median Home Value | $137,868 |
| Average Home Value | $232,524 |
Housing Distribution
Address Breakdown
Residential
60
Single Family
60
Multi-Family
0
Businesses
42
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Listed by: Julie Lemos • Siskiyou Realty Group
Mls Name: SMLS
Mls Provider:
Mls ID: #20250944
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.