97 Bay DrJune LakeCA93529
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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 June Lake at 97 Bay Dr, June Lake, CA, 93529 priced at $579,000 converts $3,619/mo rent into $37/mo cash flow after a $2,834/mo obligation. Total monthly income equals $3,619/mo, and annual cash flow totals $445/yr on $190,491 invested. Return on cash invested prints 20.29% in year one, and rental yield reads 7.5% against a $579,000 entry. Equity gained on principal adds $3,736/yr, while 5% annual appreciation compiles into $159,967 by year five. Five-year ROI reaches 104.89% and total cumulative return in cash sums $199,807. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,619/mo property income covering a $2,834/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93529, June Lake, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 178 (19.2%) |
| Renter Occupied HU | 130 (14.0%) |
| Vacant Housing Units | 619 (66.8%) |
| Median Home Value | $585,616 |
| Average Home Value | $613,343 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
56
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Listed by: Connie Lear • Rainbow Ridge Realty
Mls Name: MLBOR
Mls Provider:
Mls ID: #230467
Disclaimer: Based on information from the Mammoth Lakes Board of REALTORS (alternatively, from the Mammoth Lakes Board of REALTORS MLS) as of 2024-10-14 12:53:58 PDT. This information is deemed reliable, but not verified or guaranteed. Buyer is advised to verify accuracy of all information. We do business in accordance with the federal, state, and local fair housing laws.