307 Gracie RdNevada CityCA95959
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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 Nevada City at 307 Gracie Rd, Nevada City, CA, 95959 priced at $321,000 pairs $2,460/mo rent with $33/mo cash flow after a $1,571/mo payment. Total monthly income equals $2,460/mo, and annual cash flow comes to $398/yr on $106,412 invested. Return on cash invested is 20.28% in year one, and rental yield stands at 9.2% on a $321,000 basis. Equity gained on principal adds $2,071/yr, and 5% annual appreciation accumulates to $88,686 by year five. Five-year ROI measures 106.67% and total cumulative return in cash reaches $113,513. For financing, Ziffy Mortgage’s DSCR program evaluates $2,460/mo property income against a $1,571/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
1,219 sqft lot
$N/A/sqft
$415 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95959, Nevada City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 6,437 (67.8%) |
| Renter Occupied HU | 1,900 (20.0%) |
| Vacant Housing Units | 1,157 (12.2%) |
| Median Home Value | $697,917 |
| Average Home Value | $750,661 |
Housing Distribution
Address Breakdown
Residential
7,882
Single Family
7,770
Multi-Family
112
Businesses
748
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Listed by: John Klus • Coldwell Banker Grass Roots Realty
Mls Name: MetroList Services of CA
Mls ID: #225119749