7070 Spumante WayGilroyCA95020
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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 Gilroy at 7070 Spumante Way, Gilroy, CA, 95020 generates $9,380/mo in rent and, after a $6,652/mo payment, leaves $333/mo in cash flow. Total monthly income is $9,380/mo, and annual cash flow is $3,996/yr on $440,316 invested. Return on cash invested sits at 21.28% in year one, and rental yield is 8.28% on a $1,359,000 entry. Equity gained on principal adds $8,769/yr, while 5% annual appreciation builds toward $375,467 over five years. Five-year ROI reaches 110.7% and total cumulative return in cash sums $487,451. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,380/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
4,108 sqft lot
$N/A/sqft
$130 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95020, Gilroy, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,660 (100%) |
| Owner Occupied HU | 12,913 (59.6%) |
| Renter Occupied HU | 7,817 (36.1%) |
| Vacant Housing Units | 930 ( 4.3%) |
| Median Home Value | $1,024,699 |
| Average Home Value | $1,156,483 |
Housing Distribution
Address Breakdown
Residential
21,040
Single Family
19,252
Multi-Family
1,788
Businesses
1,855
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Listed by: Ernesto Martinez • CENTURY 21 Real Estate Alliance
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81944943
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 21:01:00 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.