1060 Oak Grove Rd APT 59ConcordCA94518
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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 Concord at 1060 Oak Grove Rd APT 59, Concord, CA, 94518 offers a 9.4% rental yield on a $349,000 purchase with $2,734/mo rent. Total monthly income registers $2,734/mo, and a $1,708/mo payment leaves $575/mo available for distribution. Annual cash flow reaches $6,902/yr on $115,694 to close, and return on cash invested stands at 25.88% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 134.86% and total cumulative return in cash at $156,024. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,734/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A 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: Robert Brown • Coldwell Banker
Mls Name: CCAR
Mls ID: #41119867