181 Grove StNevada CityCA95959
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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 Nevada City at 181 Grove St, Nevada City, CA, 95959 priced at $590,200 converts $2,784/mo rent into after a $2,889/mo obligation. Total monthly income equals $2,784/mo. Return on cash invested prints 14.05% in year one, and rental yield reads 5.66% against a $590,200 entry. Equity gained on principal adds $3,808/yr, while 5% annual appreciation compiles into $163,061 by year five. Five-year ROI reaches 71.63% and total cumulative return in cash sums $139,087. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,784/mo property income covering a $2,889/mo payment, not borrower’s personal income.
Single Family
Built in 1973
11,326 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95959, Nevada City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 6,437 (67.8%) |
| Renter Occupied HU | 1,900 (20.0%) |
| Vacant Housing Units | 1,157 (12.2%) |
| Median Home Value | $697,917 |
| Average Home Value | $750,661 |
Housing Distribution
Address Breakdown
Residential
7,882
Single Family
7,770
Multi-Family
112
Businesses
748
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Listed by: N/A • N/A
Mls Name: HomeSmart
Mls Provider:
Mls ID: #225066503