16950 Sorrel CtMorgan HillCA95037
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
Investment Highlights
Investment property for sale in Morgan Hill at 16950 Sorrel Ct, Morgan Hill, CA, 95037 uses $230,263 cash to close to unlock $18,263/yr annual cash flow and $1,522/mo monthly cash flow. Total monthly income runs $6,589/mo, and a $3,426/mo payment keeps the spread at $1,522/mo. Purchase price stands at $699,888, and rental yield measures 11.3% with $6,589/mo rent. Return on cash invested shows 27.99% in year one, and 5% annual appreciation builds toward $193,366 over five years. Five-year ROI reaches 147.53% and total cumulative return in cash records $339,712. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,589/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$488 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95037, Morgan Hill, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,093 (100%) |
| Owner Occupied HU | 12,917 (67.7%) |
| Renter Occupied HU | 5,331 (27.9%) |
| Vacant Housing Units | 845 ( 4.4%) |
| Median Home Value | $1,310,527 |
| Average Home Value | $1,370,583 |
Housing Distribution
Address Breakdown
Residential
17,729
Single Family
16,416
Multi-Family
1,313
Businesses
1,441
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenny Thuong • BRG Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81978288
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-29 07:43:15 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.