16559 Joey CtGrass ValleyCA95949
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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 Grass Valley at 16559 Joey Ct, Grass Valley, CA, 95949 uses $155,474 cash to close to unlock $2,702/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $3,127/mo, and a $2,296/mo payment keeps the spread at $225/mo. Purchase price stands at $469,000, and rental yield measures 8% with $3,127/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 112.18% and total cumulative return in cash records $174,403. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,127/mo property income covering a $2,296/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95949, Grass Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,407 (100%) |
| Owner Occupied HU | 7,403 (78.7%) |
| Renter Occupied HU | 1,257 (13.4%) |
| Vacant Housing Units | 747 ( 7.9%) |
| Median Home Value | $625,587 |
| Average Home Value | $673,409 |
Housing Distribution
Address Breakdown
Residential
8,792
Single Family
8,732
Multi-Family
60
Businesses
219
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Listed by: Bob Sawyer • RE/MAX Gold
Mls Name: MetroList Services of CA
Mls ID: #225062985