3053 Elk Ridge CtSan JoseCA95136
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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 San Jose at 3053 Elk Ridge Ct, San Jose, CA, 95136 listed at $745,000 pairs $3,854/mo rent with a $3,646/mo payment. Total monthly income runs $3,854/mo. Return on cash invested measures 16.37% in year one, and rental yield registers 6.21% at a $745,000 basis. Equity gained on principal adds $4,807/yr, and annual property appreciation at 5% supports $205,830 by year five. Five-year ROI tracks 83.82% and total cumulative return in cash totals $205,436. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,854/mo property income relative to a $3,646/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
3,935 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95136, San Jose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,863 (100%) |
| Owner Occupied HU | 9,324 (55.3%) |
| Renter Occupied HU | 6,723 (39.9%) |
| Vacant Housing Units | 816 ( 4.8%) |
| Median Home Value | $1,146,088 |
| Average Home Value | $1,136,635 |
Housing Distribution
Address Breakdown
Residential
16,721
Single Family
14,757
Multi-Family
1,964
Businesses
282
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Listed by: Van Dahlen Dunne Group • Compass
Mls Name: MLSListings Inc
Mls ID: #ML82014858