0 Magic Springs DrGilroyCA95020
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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 Gilroy at 0 Magic Springs Dr, Gilroy, CA, 95020 priced at $279,000 converts $1,907/mo rent into $181/mo cash flow after a $1,366/mo obligation. Total monthly income equals $1,907/mo, and annual cash flow totals $2,167/yr on $92,489 invested. Return on cash invested prints 22.25% in year one, and rental yield reads 8.2% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 115.42% and total cumulative return in cash sums $106,747. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,907/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Single Family
Built in 2014
1.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95020, Gilroy, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,660 (100%) |
| Owner Occupied HU | 12,913 (59.6%) |
| Renter Occupied HU | 7,817 (36.1%) |
| Vacant Housing Units | 930 ( 4.3%) |
| Median Home Value | $1,024,699 |
| Average Home Value | $1,156,483 |
Housing Distribution
Address Breakdown
Residential
21,040
Single Family
19,252
Multi-Family
1,788
Businesses
1,855
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Listed by: Russ Warrick • Compass
Mls Name: MLSListings Inc
Mls ID: #ML82028522