505 Redbud WayNevada CityCA95959
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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 Nevada City at 505 Redbud Way, Nevada City, CA, 95959 generates $2,791/mo in rent, after a $2,251/mo payment. Total monthly income is $2,791/mo. Return on cash invested sits at -604.14% in year one, and rental yield is 7.28% on a $460,000 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,090 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,791/mo property income rather than buyer’s personal income.
Condo
Built in 2005
1,307 sqft lot
$N/A/sqft
$79,200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95959, Nevada City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 6,437 (67.8%) |
| Renter Occupied HU | 1,900 (20.0%) |
| Vacant Housing Units | 1,157 (12.2%) |
| Median Home Value | $697,917 |
| Average Home Value | $750,661 |
Housing Distribution
Address Breakdown
Residential
7,882
Single Family
7,770
Multi-Family
112
Businesses
748
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Listed by: Rebecca Mooers • RE/MAX Gold
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #225042891
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