999 E 16th StChicoCA95928
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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 Chico at 999 E 16th St, Chico, CA, 95928 earns from $1,974/mo rent with a $4,821/mo payment. Total monthly income totals $1,974/mo. ROI tracks 4.81% on current figures, and rental yield reads 2.4% at a $985,000 purchase. Equity gained on principal adds $6,356/yr, and 5% annual appreciation supports $272,137 over five years. Five-year ROI reaches 21.82% and total cumulative return in cash sums $70,702. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,974/mo property income instead of your personal income.
Multi Family
Built in 1962
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95928, Chico, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,919 (100%) |
| Owner Occupied HU | 6,931 (38.7%) |
| Renter Occupied HU | 9,500 (53.0%) |
| Vacant Housing Units | 1,488 ( 8.3%) |
| Median Home Value | $507,386 |
| Average Home Value | $561,987 |
Housing Distribution
Address Breakdown
Residential
16,740
Single Family
12,881
Multi-Family
3,859
Businesses
1,892
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Listed by: Kevin Gioia • Beycome Brokerage Realty Inc.
Mls Name: MLSListings Inc
Mls ID: #ML82019517