7600 Lakeridge CirElk GroveCA95624
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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 7600 Lakeridge Cir, Elk Grove, CA, 95624 priced at $899,888 pairs $5,406/mo rent with after a $4,405/mo payment. Total monthly income equals $5,406/mo. Return on cash invested is 19.41% in year one, and rental yield stands at 7.21% on a $899,888 basis. Equity gained on principal adds $5,807/yr, and 5% annual appreciation accumulates to $248,622 by year five. Five-year ROI measures 100.11% and total cumulative return in cash reaches $296,388. For financing, Ziffy Mortgage’s DSCR program evaluates $5,406/mo property income against a $4,405/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
2.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95624, Elk Grove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,173 (100%) |
| Owner Occupied HU | 16,020 (75.7%) |
| Renter Occupied HU | 4,639 (21.9%) |
| Vacant Housing Units | 514 ( 2.4%) |
| Median Home Value | $635,804 |
| Average Home Value | $673,355 |
Housing Distribution
Address Breakdown
Residential
21,177
Single Family
20,165
Multi-Family
1,012
Businesses
1,132
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Listed by: Alexander Mackey • RE/MAX Gold Cameron Park
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224063527
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.