2277-2931-L E Gerard Ave #LMercedCA95341
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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 2277-2931-L E Gerard Ave #L, Merced, CA, 95341 offers a 9.4% rental yield on a $359,900 purchase with $2,818/mo rent. Total monthly income registers $2,818/mo, and a $1,762/mo payment leaves $591/mo available for distribution. Annual cash flow reaches $7,094/yr on $119,307 to close, and return on cash invested stands at 25.85% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 134.76% and total cumulative return in cash at $160,778. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,818/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
6,961 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95341, Merced, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,816 (100%) |
| Owner Occupied HU | 4,963 (45.9%) |
| Renter Occupied HU | 5,499 (50.8%) |
| Vacant Housing Units | 354 ( 3.3%) |
| Median Home Value | $351,522 |
| Average Home Value | $427,970 |
Housing Distribution
Address Breakdown
Residential
9,985
Single Family
9,715
Multi-Family
270
Businesses
736
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Listed by: Gustavo Perez • RE/MAX Executive
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224078259
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.