3079 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
Rental property for sale in San Jose at 3079 Elk Ridge Ct, San Jose, CA, 95136 offers $3,430/mo rent that, after a $3,181/mo payment. Total monthly income is $3,430/mo. Return on cash invested measures 11.53% in year one, and rental yield stands at 6.33% at a $649,888 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,552 by year five. Five-year ROI records 59.78% and total cumulative return in cash reaches $127,815. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,430/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
$643 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
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Listed by: Jay Grewal • Doorlight Inc
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81967880
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.