455 2nd StGrenadaCA96038
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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 Grenada at 455 2nd St, Grenada, CA, 96038 offers a 9.32% rental yield on a $170,000 purchase with $1,320/mo rent. Total monthly income registers $1,320/mo, and a $832/mo payment leaves $268/mo available for distribution. Annual cash flow reaches $3,221/yr on $56,355 to close, and return on cash invested stands at 25.62% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 133.55% and total cumulative return in cash at $75,261. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96038, Grenada, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 279 (100%) |
| Owner Occupied HU | 185 (66.3%) |
| Renter Occupied HU | 71 (25.4%) |
| Vacant Housing Units | 23 ( 8.2%) |
| Median Home Value | $419,767 |
| Average Home Value | $486,068 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
107
Multi-Family
0
Businesses
25
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Listed by: Julie Lemos • Siskiyou Realty Group
Mls Name: SMLS
Mls ID: #20251140