6971 Knollcrest Ln APT 47, Garden Grove, CA, 92845 | 7.34% Rental Yield

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6971 Knollcrest Ln APT 47, Garden Grove, CA, 92845 | 7.34% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $3,540/mo, and a $2,834/mo payment. Purchase price stands at $579,000, and rental yield measures 7.34% with $3,540/mo rent. Return on cash invested shows 19.8% in year one, and 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 102.22% and total cumulative return in cash records $194,719. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,540/mo property income covering a $2,834/mo payment rather than investor’s personal income.

Condo

Built in 1984

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to the highly sought-after Stonegate Community in the heart of West Garden Grove! This beautifully maintained single-level, end-unit condo offers 2 spacious bedrooms and a bright, open floor plan. The upgraded kitchen boasts gleaming granite countertops, stainless steel appliances, abundant cabinetry, and a convenient dining areaperfect for casual meals or entertaining. Rich hardwood-style laminate flooring flows seamlessly throughout the home, leading to a generous living room that opens to a private, oversized patioideal for morning coffee or evening gatherings. An indoor laundry closet is neatly tucked away in the hallway, and multiple storage closets provide exceptional organization. Comfort comes easy with a newer central A/C and heating system. The property includes a detached 1-car garage with built-in storage plus an additional assigned carport space for added convenience. Residents enjoy resort-style amenities including a sparkling swimming pool, relaxing spa, and lush greenbelts. HOA covers water and trash service for worry-free living. Located within walking distance of award-winning Garden Grove schools, local parks, and shopping, this home perfectly blends comfort, style, and an unbeatable location. Dont miss your chance to own this turnkey retreat in one of the areas most desirable communities!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92845, Garden Grove, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,702 (100%)
Owner Occupied HU	4,507 (79.0%)
Renter Occupied HU	1,106 (19.4%)
Vacant Housing Units	89 ( 1.6%)
Median Home Value	$905,714
Average Home Value	$981,200