3071 Elk Ridge CtSan JoseCA95136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 San Jose at 3071 Elk Ridge Ct, San Jose, CA, 95136 priced at $860,000 pairs $6,895/mo rent with $404/mo cash flow after a $4,209/mo payment. Total monthly income equals $6,895/mo, and annual cash flow comes to $4,848/yr on $282,940 invested. Return on cash invested is 21.77% in year one, and rental yield stands at 9.62% on a $860,000 basis. Equity gained on principal adds $5,549/yr, and 5% annual appreciation accumulates to $237,602 by year five. Five-year ROI measures 114.59% and total cumulative return in cash reaches $324,233. For financing, Ziffy Mortgage’s DSCR program evaluates $6,895/mo property income against a $4,209/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
$691 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Roberto Iniguez • Keller Williams Thrive
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81975377
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-16 04:32:46 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.