12981 Summit Ridge Dr, Nevada City, CA, 95959 | $1,909/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Nevada City at 12981 Summit Ridge Dr, Nevada City, CA, 95959 offers $4,693/mo rent that, after a $2,203/mo payment, leaves $1,909/mo cash flow. Total monthly income is $4,693/mo, and annual cash flow is $22,905/yr on $149,175 cash. Return on cash invested measures 35.26% in year one, and rental yield stands at 12.51% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 185.17% and total cumulative return in cash reaches $276,222. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,693/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1981

0.38 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