113 Schooner CtRichmondCA94804
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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 113 Schooner Ct, Richmond, CA, 94804 uses $119,009 cash to close to unlock $7,635/yr annual cash flow and $636/mo monthly cash flow. Total monthly income runs $2,857/mo, and a $1,757/mo payment keeps the spread at $636/mo. Purchase price stands at $359,000, and rental yield measures 9.55% with $2,857/mo rent. Return on cash invested shows 26.32% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 137.26% and total cumulative return in cash records $163,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,857/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94804, Richmond, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,065 (100%) |
| Owner Occupied HU | 7,694 (47.9%) |
| Renter Occupied HU | 7,578 (47.2%) |
| Vacant Housing Units | 793 ( 4.9%) |
| Median Home Value | $707,589 |
| Average Home Value | $803,285 |
Housing Distribution
Address Breakdown
Residential
15,528
Single Family
12,603
Multi-Family
2,925
Businesses
1,213
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Listed by: Alexander Wang • Modern Homes Realty
Mls Name: MLSListings Inc
Mls ID: #ML82023386