495 Spring AveMorgan HillCA95037
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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 Morgan Hill at 495 Spring Ave, Morgan Hill, CA, 95037 priced at $1,150,000 converts $5,206/mo rent into after a $5,629/mo obligation. Total monthly income equals $5,206/mo. Return on cash invested prints 14.22% in year one, and rental yield reads 5.43% against a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation compiles into $317,724 by year five. Five-year ROI reaches 72.25% and total cumulative return in cash sums $269,217. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,206/mo property income covering a $5,629/mo payment, not borrower’s personal income.
Single Family
Built in 1978
7,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95037, Morgan Hill, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,093 (100%) |
| Owner Occupied HU | 12,917 (67.7%) |
| Renter Occupied HU | 5,331 (27.9%) |
| Vacant Housing Units | 845 ( 4.4%) |
| Median Home Value | $1,310,527 |
| Average Home Value | $1,370,583 |
Housing Distribution
Address Breakdown
Residential
17,729
Single Family
16,416
Multi-Family
1,313
Businesses
1,441
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Listed by: Mary Steffel • Authentic Real Estate
Mls Name: MLSListings Inc
Mls ID: #ML82018569