12834 Spanish LnNevada CityCA95959
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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 Nevada City at 12834 Spanish Ln, Nevada City, CA, 95959 uses $142,545 cash to close to unlock $3,643/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $2,964/mo, and a $2,105/mo payment keeps the spread at $304/mo. Purchase price stands at $430,000, and rental yield measures 8.27% with $2,964/mo rent. Return on cash invested shows 22.46% in year one, and 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 116.55% and total cumulative return in cash records $166,131. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,964/mo property income covering a $2,105/mo payment rather than investor’s personal income.
Manufactured
Built in 2018
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95959, Nevada City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 6,437 (67.8%) |
| Renter Occupied HU | 1,900 (20.0%) |
| Vacant Housing Units | 1,157 (12.2%) |
| Median Home Value | $697,917 |
| Average Home Value | $750,661 |
Housing Distribution
Address Breakdown
Residential
7,882
Single Family
7,770
Multi-Family
112
Businesses
748
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Listed by: Kirsten Alger • RE/MAX GOLD
Mls Name: MetroList Services of CA
Mls ID: #225114773