9 Monte Verano CtSan JoseCA95116
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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 San Jose at 9 Monte Verano Ct, San Jose, CA, 95116 priced at $354,999 converts $3,678/mo rent into $956/mo cash flow after a $1,738/mo obligation. Total monthly income equals $3,678/mo, and annual cash flow totals $11,471/yr on $117,682 invested. Return on cash invested prints 29.66% in year one, and rental yield reads 12.43% against a $354,999 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 157.05% and total cumulative return in cash sums $184,823. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,678/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$422 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95116, San Jose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,124 (100%) |
| Owner Occupied HU | 5,324 (35.2%) |
| Renter Occupied HU | 9,297 (61.5%) |
| Vacant Housing Units | 503 ( 3.3%) |
| Median Home Value | $826,853 |
| Average Home Value | $900,082 |
Housing Distribution
Address Breakdown
Residential
13,622
Single Family
12,194
Multi-Family
1,428
Businesses
1,003
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Listed by: Jose Martinez • Intero R E Services
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81970354
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-27 17:13:32 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.