7481 Splendid WayElk 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
Investment property for sale in Elk Grove at 7481 Splendid Way, Elk Grove, CA, 95758 uses $149,175 cash to close to unlock $3,381/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $3,066/mo, and a $2,203/mo payment keeps the spread at $282/mo. Purchase price stands at $450,000, and rental yield measures 8.18% with $3,066/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 114.98% and total cumulative return in cash records $171,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,066/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Multi Family
Built in 2006
3,105 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: Duy Nguyen • Waterman Real Estate
Mls Name: MetroList Services of CA
Mls ID: #225147341