4038 Grover Ct #4CarmichaelCA95608
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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 Carmichael at 4038 Grover Ct #4, Carmichael, CA, 95608 offers a 10.4% rental yield on a $240,000 purchase with $2,080/mo rent. Total monthly income registers $2,080/mo, and a $1,175/mo payment leaves $340/mo available for distribution. Annual cash flow reaches $4,078/yr on $79,560 to close, and return on cash invested stands at 25.03% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 131.72% and total cumulative return in cash at $104,798. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,080/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95608, Carmichael, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,709 (100%) |
| Owner Occupied HU | 14,281 (53.5%) |
| Renter Occupied HU | 11,321 (42.4%) |
| Vacant Housing Units | 1,107 ( 4.1%) |
| Median Home Value | $647,950 |
| Average Home Value | $694,684 |
Housing Distribution
Address Breakdown
Residential
26,225
Single Family
20,955
Multi-Family
5,270
Businesses
1,174
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Listed by: Laurie Hunt • Coldwell Banker Realty
Mls Name: MetroList Services of CA
Mls ID: #225055334