8730 Ridge RdNewcastleCA95658
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newcastle at 8730 Ridge Rd, Newcastle, CA, 95658 generates $5,095/mo in rent, after a $4,405/mo payment. Total monthly income is $5,095/mo. Return on cash invested sits at 17.65% in year one, and rental yield is 6.79% on a $900,000 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 90.86% and total cumulative return in cash sums $269,028. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,095/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95658, Newcastle, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,739 (100%) |
| Owner Occupied HU | 2,266 (82.7%) |
| Renter Occupied HU | 302 (11.0%) |
| Vacant Housing Units | 171 ( 6.2%) |
| Median Home Value | $894,804 |
| Average Home Value | $900,649 |
Housing Distribution
Address Breakdown
Residential
2,449
Single Family
2,449
Multi-Family
0
Businesses
211
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Oliver Kane • Roots Real Estate Group
Mls Name: MetroList Services of CA
Mls ID: #225080982