1623 Greeley WayGilroyCA95020
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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 Gilroy at 1623 Greeley Way, Gilroy, CA, 95020 priced at $944,061 converts $5,641/mo rent into after a $4,621/mo obligation. Total monthly income equals $5,641/mo. Return on cash invested prints 18.69% in year one, and rental yield reads 7.17% against a $944,061 entry. Equity gained on principal adds $6,092/yr, while 5% annual appreciation compiles into $260,827 by year five. Five-year ROI reaches 96.49% and total cumulative return in cash sums $299,685. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,641/mo property income covering a $4,621/mo payment, not borrower’s personal income.
Single Family
Built in 2024
3,000 sqft lot
$N/A/sqft
$155 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95020, Gilroy, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,660 (100%) |
| Owner Occupied HU | 12,913 (59.6%) |
| Renter Occupied HU | 7,817 (36.1%) |
| Vacant Housing Units | 930 ( 4.3%) |
| Median Home Value | $1,024,699 |
| Average Home Value | $1,156,483 |
Housing Distribution
Address Breakdown
Residential
21,040
Single Family
19,252
Multi-Family
1,788
Businesses
1,855
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Listed by: Theresa Mejia • KB Home Sales -Northern California Inc
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81974604
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 21:30:36 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.