8916 Mandalay WayElk GroveCA95624
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
Investment property for sale in Elk Grove at 8916 Mandalay Way, Elk Grove, CA, 95624 offers a 7.56% rental yield on a $550,000 purchase with $3,467/mo rent. Total monthly income registers $3,467/mo, and a $2,692/mo payment leaves $65/mo available for distribution. Annual cash flow reaches $775/yr on $180,950 to close, and return on cash invested stands at 20.49% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 105.91% and total cumulative return in cash at $191,650. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,467/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
5,702 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: William Rod Hooks • William Hooks Realty
Mls Name: MetroList Services of CA
Mls ID: #225153846