3048 Garfield AveCarmichaelCA95608
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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 Carmichael at 3048 Garfield Ave, Carmichael, CA, 95608 uses $147,849 cash to close to unlock $947/yr annual cash flow and $79/mo monthly cash flow. Total monthly income runs $2,838/mo, and a $2,183/mo payment keeps the spread at $79/mo. Purchase price stands at $446,000, and rental yield measures 7.64% with $2,838/mo rent. Return on cash invested shows 20.55% in year one, and 5% annual appreciation builds toward $123,222 over five years. Five-year ROI reaches 106.27% and total cumulative return in cash records $157,114. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,838/mo property income covering a $2,183/mo payment rather than investor’s personal income.
Single Family
Built in 1945
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95608, Carmichael, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,709 (100%) |
| Owner Occupied HU | 14,281 (53.5%) |
| Renter Occupied HU | 11,321 (42.4%) |
| Vacant Housing Units | 1,107 ( 4.1%) |
| Median Home Value | $647,950 |
| Average Home Value | $694,684 |
Housing Distribution
Address Breakdown
Residential
26,225
Single Family
20,955
Multi-Family
5,270
Businesses
1,174
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Listed by: Nicole Eib • Epique Inc
Mls Name: MetroList Services of CA
Mls ID: #225148248