116 Independence CtGrass ValleyCA95945
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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 Grass Valley at 116 Independence Ct, Grass Valley, CA, 95945 priced at $485,000 converts $3,013/mo rent into $13/mo cash flow after a $2,374/mo obligation. Total monthly income equals $3,013/mo, and annual cash flow totals $150/yr on $160,778 invested. Return on cash invested prints 20% in year one, and rental yield reads 7.45% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 103.34% and total cumulative return in cash sums $166,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,013/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95945, Grass Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,659 (100%) |
| Owner Occupied HU | 6,915 (54.6%) |
| Renter Occupied HU | 4,685 (37.0%) |
| Vacant Housing Units | 1,059 ( 8.4%) |
| Median Home Value | $613,070 |
| Average Home Value | $654,818 |
Housing Distribution
Address Breakdown
Residential
11,334
Single Family
9,686
Multi-Family
1,648
Businesses
1,679
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Listed by: Cindy McIntosh • RE/MAX Gold
Mls Name: MetroList Services of CA
Mls ID: #225127504