1056 Wallace DrSan JoseCA95120
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 1056 Wallace Dr, San Jose, CA, 95120 in San Jose fits: $1,795,000, 3.81% gross yield, and a projected 5% annual appreciation rate adding $495,925 in value within five years. Rental yield 3.81%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.71) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $16,532/yr in principal paydown and $495,925 in appreciation project a total return of $333,207.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 6.0% |
| Monthly Cash Flow | $(5,399) | $500 |
City averages based on San Jose market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,705 |
| Total Monthly Debt Service | $10,390 |
| DSCR Ratio | 0.55x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
6,262 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95120, San Jose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,724 (100%) |
| Owner Occupied HU | 10,907 (85.7%) |
| Renter Occupied HU | 1,474 (11.6%) |
| Vacant Housing Units | 343 ( 2.7%) |
| Median Home Value | $1,818,358 |
| Average Home Value | $1,761,997 |
Housing Distribution
Address Breakdown
Residential
12,993
Single Family
12,852
Multi-Family
141
Businesses
274
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
Single Family
Built in 1962
6,262 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95120, San Jose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,724 (100%) |
| Owner Occupied HU | 10,907 (85.7%) |
| Renter Occupied HU | 1,474 (11.6%) |
| Vacant Housing Units | 343 ( 2.7%) |
| Median Home Value | $1,818,358 |
| Average Home Value | $1,761,997 |
Housing Distribution
Address Breakdown
Residential
12,993
Single Family
12,852
Multi-Family
141
Businesses
274
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mahnaz Westerberg • The Agency
Mls Name: MLSListings Inc
Mls ID: #ML82030801