17108 Depot StMorganhillCA95037
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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 Morganhill at 17108 Depot St, Morganhill, CA, 95037 priced at $962,671 converts $7,084/mo rent into $647/mo cash flow after a $4,712/mo obligation. Total monthly income equals $7,084/mo, and annual cash flow totals $7,759/yr on $316,719 invested. Return on cash invested prints 22.51% in year one, and rental yield reads 8.83% against a $962,671 entry. Equity gained on principal adds $6,212/yr, while 5% annual appreciation compiles into $265,968 by year five. Five-year ROI reaches 117.42% and total cumulative return in cash sums $371,876. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,084/mo property income covering a $4,712/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$482 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
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Listed by: Jeffrey Hack • Van Daele Development
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81967371
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 22:32:28 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.