Oak Run RdMillvilleCA96062
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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 Millville at Oak Run Rd, Millville, CA, 96062 uses $44,587 cash to close to unlock $9,363/yr annual cash flow and $780/mo monthly cash flow. Total monthly income runs $1,612/mo, and a $658/mo payment keeps the spread at $780/mo. Purchase price stands at $134,500, and rental yield measures 14.38% with $1,612/mo rent. Return on cash invested shows 40.91% in year one, and 5% annual appreciation builds toward $37,160 over five years. Five-year ROI reaches 215.52% and total cumulative return in cash records $96,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,612/mo property income covering a $658/mo payment rather than investor’s personal income.
Lot
Built in N/A
5.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96062, Millville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 432 (100%) |
| Owner Occupied HU | 340 (78.7%) |
| Renter Occupied HU | 53 (12.3%) |
| Vacant Housing Units | 39 ( 9.0%) |
| Median Home Value | $534,000 |
| Average Home Value | $605,353 |
Housing Distribution
Address Breakdown
Residential
351
Single Family
351
Multi-Family
0
Businesses
16
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Nearby investment properties with comparable prices
Listed by: Tom Miceli • TREG INC - The Real Estate Group
Mls Name: SMLS
Mls Provider:
Mls ID: #23-4932
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.