8894 Sharkey AveElk 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
Investment property for sale in Elk Grove at 8894 Sharkey Ave, Elk Grove, CA, 95624 uses $132,567 cash to close to unlock $3,214/yr annual cash flow and $268/mo monthly cash flow. Total monthly income runs $2,862/mo, and a $1,957/mo payment keeps the spread at $268/mo. Purchase price stands at $399,900, and rental yield measures 8.59% with $2,862/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 116.23% and total cumulative return in cash records $154,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,862/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1958
5,989 sqft 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: Rachel Adams Lee • Keller Williams Realty
Mls Name: MetroList Services of CA
Mls ID: #225110606