6412 Solitary Ln APT ACarmichaelCA95608
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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 Carmichael at 6412 Solitary Ln APT A, Carmichael, CA, 95608 priced at $360,000 converts $2,260/mo rent into after a $1,762/mo obligation. Total monthly income equals $2,260/mo. Return on cash invested prints 13.22% in year one, and rental yield reads 7.53% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 69.51% and total cumulative return in cash sums $82,953. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,260/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$590 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: Kellee Bradford • GUIDE Real Estate
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224132946
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.