15861 Turtleback Hill RdNevada 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 15861 Turtleback Hill Rd, Nevada City, CA, 95959 uses $137,573 cash to close to unlock $7,511/yr annual cash flow and $626/mo monthly cash flow. Total monthly income runs $3,193/mo, and a $2,031/mo payment keeps the spread at $626/mo. Purchase price stands at $415,000, and rental yield measures 9.23% with $3,193/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 132.1% and total cumulative return in cash records $181,737. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,193/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1984
2.58 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: Eric Hatch • Century 21 Cornerstone Realty
Mls Name: MetroList Services of CA
Mls ID: #225102671