7124 Backer CtElk GroveCA95758
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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 Elk Grove at 7124 Backer Ct, Elk Grove, CA, 95758 generates $3,206/mo in rent, after a $2,863/mo payment. Total monthly income is $3,206/mo. Return on cash invested sits at 17.49% in year one, and rental yield is 6.58% on a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 89.83% and total cumulative return in cash sums $172,890. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,206/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
6,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95758, Elk Grove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,386 (100%) |
| Owner Occupied HU | 14,846 (66.3%) |
| Renter Occupied HU | 7,052 (31.5%) |
| Vacant Housing Units | 488 ( 2.2%) |
| Median Home Value | $593,388 |
| Average Home Value | $619,468 |
Housing Distribution
Address Breakdown
Residential
22,421
Single Family
19,895
Multi-Family
2,526
Businesses
1,435
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Listed by: Jim Naulty • Newpoint Realty
Mls Name: MetroList Services of CA
Mls ID: #225099200