5936 Ranger Way, Carmichael, CA 95608, Carmichael, 95608 - 3 bed, 2 bath
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5936 Ranger Way
Carmichael, CA 95608
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,817Sq Ft
8,581Lot Size
Property Price
LIST PRICE$599,900
EST. MARKET VALUE
$602,143
SUMMARY
This Turnkey Residential Asset is a High-Potential Investment Opportunity, listed at $599,900—positioned well below the $602,144 Fair Market Value by 0.37%. Featuring a Mint Condition Rating, this home includes a quartz-appointed kitchen and a 600sqft covered patio. With a stable tenant in place through March 2027, it provides immediate cash flow. This property is an ideal acquisition for Buy-and-Hold Investors seeking passive income or Owner-Occupants planning for a future move-in with built-in financing advantages.
Estimated Market Value
$602,143
Based on Realkey algorithm analyzing recent comparable sales in Carmichael.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5936 Ranger Way Subject | $599,900* List Price | 3 | 2 | 1,817 | $331 | - |
A 6100 Woodhaven Avenue Sold | $680,000 | 4 | 2 | 1,859 | $366 | 0.3 mi |
B 5123 Schuyler Drive Sold | $495,000 | 3 | 2 | 1,381 | $358 | 0.9 mi |
C 4822 Cameron Ranch Drive Sold | $625,000 | 3 | 2 | 1,930 | $324 | 0.9 mi |
D 4451 Stoney Way Sold | $725,000 | 3 | 2 | 1,824 | $397 | 0.1 mi |
E 6716 Rappahannock Way Sold | $649,000 | 4 | 3 | 1,792 | $362 | 0.9 mi |
F 4448 Hackberry Lane Sold | $680,000 | 4 | 3 | 2,058 | $330 | 0.4 mi |
G 4831 Cameron Ranch Drive Sold | $640,000 | 4 | 3 | 2,100 | $305 | 1.0 mi |
H 5925 Ranger Way Pending | $589,000 List Price | 3 | 2 | 1,866 | $316 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive modern remodel featuring a quartz-appointed kitchen, updated shaker cabinetry, and contemporary flooring. With central HVAC, updated bathrooms, and a move-in ready interior that appears to be a recent renovation (likely <5 years), it meets the criteria for mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8581, living area = 1817.
- Exceptional Financing Opportunity
The potential to assume an existing VA loan at a 2.5% interest rate provides a massive financial advantage, offering monthly payments significantly lower than current market rates.
- Turnkey Investment Income
With a stable tenant in place through March 2027 at $2800/month, this property offers immediate, worry-free cash flow for investors looking to expand their portfolio.
CONSRISKS & DEFICIENCIES
- Occupancy Restrictions
The long-term lease through 2027 prevents immediate move-in for owner-occupants, effectively limiting the current buyer pool to investors or those with a long-term relocation timeline.
- Variable School Performance
While the area is well-located, some of the closest assigned schools have lower performance ratings, which may be a concern for families prioritizing top-tier public education.
About 5936 Ranger Way
This beautifully remodeled Carmichael home is a cash flowing investment with stable tenant already in place. A signed lease runs through March '27 at $2800/month giving a new owner immediate worry-free income from day one. Buyers may also be able to assume the sellers existing VA loan at the incredible 2.5% rate, a rare opportunity to lock in financing well below today's market rates! Inside the great room concept with fireplace flows into the quartz appointed kitchen. Primary suite with outside access to the 600sqft East facing covered patio. Large producing backyard vegetable garden, front yard drip system low maintenance landscaping. Central heat and air, RV access on a large lot. Close to shopping, dining, and just 15 minutes from the American River Parkway for biking, hiking, and water access. Whether you're growing your rental portfolio or searching for a move-in ready home with built in income, 5936 Ranger Way delivers!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 8,581 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Carmichael Unified Schools
Thomas Kelly Elementary School
Grades K-5 • 0.4 mi
2/10
Carmichael Elementary School
Grades K-5 • 0.9 mi
5/10
Harry Dewey Fundamental Elementary School
Grades K-6 • 1.4 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,817 | 1,713.891 |
| Lot Size | 8,581 | 9,593.696 |
| Price | $599.9K | $573.8K |
| Price per sq ft | $330 | $343 |
| Built year | 1959 | 1964 |
| HOA | $0 | $194 |
| Days on market | 47 | 43 |
Pricing History
Listed for Sale
Jul 24, 2026
$599,900
Initial Listing
Sold
Jun 6, 2019
$435,000
Public Record
Sold
Sep 7, 2017
$415,000
Public Record
Sold
Mar 20, 2017
$225,000
Public Record