640 Black Mountain LnNewmanCA95360
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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 Newman at 640 Black Mountain Ln, Newman, CA, 95360 offers $2,828/mo rent that, after a $2,716/mo payment. Total monthly income is $2,828/mo. Return on cash invested measures 15.85% in year one, and rental yield stands at 6.12% at a $554,900 entry. Equity gained on principal adds $3,581/yr while 5% annual appreciation compounds into $153,309 by year five. Five-year ROI records 81.09% and total cumulative return in cash reaches $148,044. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,828/mo property income versus a $2,716/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
7,510 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95360, Newman, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,298 (100%) |
| Owner Occupied HU | 2,737 (63.7%) |
| Renter Occupied HU | 1,448 (33.7%) |
| Vacant Housing Units | 113 ( 2.6%) |
| Median Home Value | $483,159 |
| Average Home Value | $523,692 |
Housing Distribution
Address Breakdown
Residential
4,067
Single Family
3,864
Multi-Family
203
Businesses
235
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Listed by: Carmen Anaya • HomeSmart PV & Associates
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224069779
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.