1608 Spruce CtAuburnCA95603
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1608 Spruce Ct, Auburn, CA, 95603 in Auburn deserves attention. This $125,000 property earns $3,095/mo in rent, a 29.71% gross yield, and nets $2,322/mo after the $562/mo payment. DSCR 5.51 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $34,535 compounds alongside $1,151/yr in yearly equity build, for a total cumulative return of $196,819.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 29.7% | 5.2% |
| Monthly Cash Flow | $2,322 | $300 |
City averages based on Auburn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,095 |
| Total Monthly Debt Service | $724 |
| DSCR Ratio | 4.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95603, Auburn, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,477 (100%) |
| Owner Occupied HU | 7,791 (62.4%) |
| Renter Occupied HU | 3,992 (32.0%) |
| Vacant Housing Units | 694 ( 5.6%) |
| Median Home Value | $704,391 |
| Average Home Value | $731,133 |
Housing Distribution
Address Breakdown
Residential
12,000
Single Family
10,650
Multi-Family
1,350
Businesses
1,570
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95603, Auburn, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,477 (100%) |
| Owner Occupied HU | 7,791 (62.4%) |
| Renter Occupied HU | 3,992 (32.0%) |
| Vacant Housing Units | 694 ( 5.6%) |
| Median Home Value | $704,391 |
| Average Home Value | $731,133 |
Housing Distribution
Address Breakdown
Residential
12,000
Single Family
10,650
Multi-Family
1,350
Businesses
1,570
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ingrid Pierson • Wesely & Associates
Mls Name: MetroList Services of CA
Mls ID: #225056548