1844 Springfield CtMercedCA95348
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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 Merced at 1844 Springfield Ct, Merced, CA, 95348 offers a 7.81% rental yield on a $355,000 purchase with $2,311/mo rent. Total monthly income registers $2,311/mo, and a $1,738/mo payment leaves $114/mo available for distribution. Annual cash flow reaches $1,373/yr on $117,683 to close, and return on cash invested stands at 21.08% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 109.12% and total cumulative return in cash at $128,412. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,311/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
6,231 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95348, Merced, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,340 (100%) |
| Owner Occupied HU | 5,789 (43.4%) |
| Renter Occupied HU | 6,650 (49.9%) |
| Vacant Housing Units | 901 ( 6.8%) |
| Median Home Value | $400,787 |
| Average Home Value | $436,785 |
Housing Distribution
Address Breakdown
Residential
13,007
Single Family
11,285
Multi-Family
1,722
Businesses
534
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Listed by: Sheila Splitt • Century 21 Select Real Estate
Mls Name: CRMLS
Mls ID: #MC26006833