275 Burnett Ave SPACE 27Morgan HillCA95037
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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 Morgan Hill at 275 Burnett Ave SPACE 27, Morgan Hill, CA, 95037 priced at $515,000 converts $6,992/mo rent into $3,806/mo cash flow after a $2,521/mo obligation. Total monthly income equals $6,992/mo, and annual cash flow totals $45,669/yr on $169,435 invested. Return on cash invested prints 47.01% in year one, and rental yield reads 16.29% against a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,285 by year five. Five-year ROI reaches 248.15% and total cumulative return in cash sums $420,457. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,992/mo property income covering a $2,521/mo payment, not borrower’s personal income.
Manufactured
Built in 2015
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95037, Morgan Hill, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,093 (100%) |
| Owner Occupied HU | 12,917 (67.7%) |
| Renter Occupied HU | 5,331 (27.9%) |
| Vacant Housing Units | 845 ( 4.4%) |
| Median Home Value | $1,310,527 |
| Average Home Value | $1,370,583 |
Housing Distribution
Address Breakdown
Residential
17,729
Single Family
16,416
Multi-Family
1,313
Businesses
1,441
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Listed by: Virginia Trowbridge • GI Joe Homes Inc
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81976809
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 22:32:28 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.