2146 Spruce StGridleyCA95948
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 Gridley at 2146 Spruce St, Gridley, CA, 95948 uses $176,015 cash to close to unlock $1,463/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $3,432/mo, and a $2,619/mo payment keeps the spread at $122/mo. Purchase price stands at $535,000, and rental yield measures 7.7% with $3,432/mo rent. Return on cash invested shows 20.89% in year one, and 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 108.06% and total cumulative return in cash records $190,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,432/mo property income covering a $2,619/mo payment rather than investor’s personal income.
Single Family
Built in 2020
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95948, Gridley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,134 (100%) |
| Owner Occupied HU | 2,270 (54.9%) |
| Renter Occupied HU | 1,553 (37.6%) |
| Vacant Housing Units | 311 ( 7.5%) |
| Median Home Value | $378,980 |
| Average Home Value | $458,438 |
Housing Distribution
Address Breakdown
Residential
4,042
Single Family
3,883
Multi-Family
159
Businesses
361
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A