2618 Hoover CtMercedCA95340
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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 Merced at 2618 Hoover Ct, Merced, CA, 95340 offers $2,432/mo rent that, after a $1,835/mo payment, leaves $113/mo cash flow. Total monthly income is $2,432/mo, and annual cash flow is $1,352/yr on $124,312 cash. Return on cash invested measures 21% in year one, and rental yield stands at 7.78% at a $374,999 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,605 by year five. Five-year ROI records 108.67% and total cumulative return in cash reaches $135,087. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,432/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
6,237 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95340, Merced, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,524 (100%) |
| Owner Occupied HU | 7,003 (51.8%) |
| Renter Occupied HU | 5,837 (43.2%) |
| Vacant Housing Units | 684 ( 5.1%) |
| Median Home Value | $432,803 |
| Average Home Value | $489,545 |
Housing Distribution
Address Breakdown
Residential
13,293
Single Family
12,487
Multi-Family
806
Businesses
1,049
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Listed by: Amanda Rodriguez • Real Brokerage Technologies, Inc.
Mls Name: CRMLS
Mls ID: #MC25249121