94601 Mina RdCoveloCA95428
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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 Covelo at 94601 Mina Rd, Covelo, CA, 95428 generates $3,430/mo in rent and, after a $1,757/mo payment, leaves $1,209/mo in cash flow. Total monthly income is $3,430/mo, and annual cash flow is $14,511/yr on $119,009 invested. Return on cash invested sits at 32.1% in year one, and rental yield is 11.47% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 168.25% and total cumulative return in cash sums $200,227. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,430/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95428, Covelo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,266 (100%) |
| Owner Occupied HU | 706 (55.8%) |
| Renter Occupied HU | 355 (28.0%) |
| Vacant Housing Units | 205 (16.2%) |
| Median Home Value | $523,148 |
| Average Home Value | $592,365 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
454
Multi-Family
0
Businesses
67
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Listed by: Noah Elliott • Bethany Lopez Real Estate
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #324093628
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.