1070 Mercedes Ave APT 24Los AltosCA94022
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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 Los Altos at 1070 Mercedes Ave APT 24, Los Altos, CA, 94022 generates $4,526/mo in rent, after a $4,738/mo payment. Total monthly income is $4,526/mo. Return on cash invested sits at 14.55% in year one, and rental yield is 5.61% on a $968,000 entry. Equity gained on principal adds $6,246/yr, while 5% annual appreciation builds toward $267,441 over five years. Five-year ROI reaches 74.06% and total cumulative return in cash sums $235,873. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,526/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94022, Los Altos, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,075 (100%) |
| Owner Occupied HU | 5,801 (71.8%) |
| Renter Occupied HU | 1,651 (20.4%) |
| Vacant Housing Units | 623 ( 7.7%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,076,062 |
Housing Distribution
Address Breakdown
Residential
7,783
Single Family
6,704
Multi-Family
1,079
Businesses
925
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Listed by: Yelena Lepina • Luxuriant Realty
Mls Name: MLSListings Inc
Mls ID: #ML82031492