1060 Oak Grove Rd APT 36ConcordCA94518
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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 Concord at 1060 Oak Grove Rd APT 36, Concord, CA, 94518 generates $2,268/mo in rent and, after a $1,268/mo payment, leaves $665/mo in cash flow. Total monthly income is $2,268/mo, and annual cash flow is $7,985/yr on $85,859 invested. Return on cash invested sits at 29.21% in year one, and rental yield is 10.51% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 152.75% and total cumulative return in cash sums $131,152. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,268/mo property income rather than buyer’s personal income.
Condo
Built in 1973
662.11 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94518, Concord, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,769 (100%) |
| Owner Occupied HU | 6,871 (63.8%) |
| Renter Occupied HU | 3,501 (32.5%) |
| Vacant Housing Units | 397 ( 3.7%) |
| Median Home Value | $840,074 |
| Average Home Value | $875,255 |
Housing Distribution
Address Breakdown
Residential
10,462
Single Family
8,209
Multi-Family
2,253
Businesses
492
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Listed by: Colleen Malcomson • Realty1Team
Mls Name: MetroList Services of CA
Mls ID: #225112910