1296 Spruce Ln APT 46,Manteca,CA,95336

Investment Highlights

Investment property for sale in Manteca at 1296 Spruce Ln APT 46, Manteca, CA, 95336 listed at $369,900 pairs $3,900/mo rent with a $1,810/mo payment to leave $1,538/mo cash flow. Total monthly income runs $3,900/mo, and annual cash flow reaches $18,459/yr on $122,622 cash to close. Return on cash invested measures 34.96% in year one, and rental yield registers 12.65% at a $369,900 basis. Equity gained on principal adds $2,387/yr, and annual property appreciation at 5% supports $102,197 by year five. Five-year ROI tracks 183.84% and total cumulative return in cash totals $225,430. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,900/mo property income relative to a $1,810/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).