3128 Shofner PlSan JoseCA95111
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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 3128 Shofner Pl, San Jose, CA, 95111 uses $241,815 cash to close to unlock $2,227/yr annual cash flow and $186/mo monthly cash flow. Total monthly income runs $4,732/mo, and a $3,597/mo payment keeps the spread at $186/mo. Purchase price stands at $735,000, and rental yield measures 7.73% with $4,732/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $203,067 over five years. Five-year ROI reaches 108.55% and total cumulative return in cash records $262,500. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,732/mo property income covering a $3,597/mo payment rather than investor’s personal income.
Condo
Built in 1982
697 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95111, San Jose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,643 (100%) |
| Owner Occupied HU | 8,898 (53.5%) |
| Renter Occupied HU | 7,339 (44.1%) |
| Vacant Housing Units | 406 ( 2.4%) |
| Median Home Value | $857,011 |
| Average Home Value | $974,302 |
Housing Distribution
Address Breakdown
Residential
16,177
Single Family
14,754
Multi-Family
1,423
Businesses
703
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Listed by: Duke Le • Pacificwide Real Estate & Mortgage
Mls Name: MLSListings Inc
Mls ID: #ML82024455