13505 Old Highway 99 SGrenadaCA96038
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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 Grenada at 13505 Old Highway 99 S, Grenada, CA, 96038 generates $2,980/mo in rent and, after a $2,149/mo payment, leaves $229/mo in cash flow. Total monthly income is $2,980/mo, and annual cash flow is $2,750/yr on $145,529 invested. Return on cash invested sits at 21.8% in year one, and rental yield is 8.15% on a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 113.1% and total cumulative return in cash sums $164,588. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,980/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96038, Grenada, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 279 (100%) |
| Owner Occupied HU | 185 (66.3%) |
| Renter Occupied HU | 71 (25.4%) |
| Vacant Housing Units | 23 ( 8.2%) |
| Median Home Value | $419,767 |
| Average Home Value | $486,068 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
107
Multi-Family
0
Businesses
25
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Listed by: Grace Johnson • Cornerstone Properties
Mls Name: SMLS
Mls Provider:
Mls ID: #20241032
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.