1003-1011 Lassen StRichmondCA94805
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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 Richmond at 1003-1011 Lassen St, Richmond, CA, 94805 uses $229,971 cash to close to unlock $4,993/yr annual cash flow and $416/mo monthly cash flow. Total monthly income runs $4,740/mo, and a $3,421/mo payment keeps the spread at $416/mo. Purchase price stands at $699,000, and rental yield measures 8.14% with $4,740/mo rent. Return on cash invested shows 22.23% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 115.27% and total cumulative return in cash records $265,094. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,740/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Multi Family
Built in 1952
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94805, Richmond, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,433 (100%) |
| Owner Occupied HU | 3,356 (61.8%) |
| Renter Occupied HU | 1,877 (34.5%) |
| Vacant Housing Units | 200 ( 3.7%) |
| Median Home Value | $795,286 |
| Average Home Value | $858,719 |
Housing Distribution
Address Breakdown
Residential
5,252
Single Family
4,866
Multi-Family
386
Businesses
424
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Listed by: Hector Rodriguez • eXp Realty of California, Inc
Mls Name: SFAR
Mls ID: #425090920