1193 Ridgewood DrConcordCA94518
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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 1193 Ridgewood Dr, Concord, CA, 94518 earns $619/mo cash flow from $6,180/mo rent with a $4,400/mo payment. Total monthly income totals $6,180/mo, and annual cash flow totals $7,425/yr on $295,771 capital. ROI tracks 22.57% on current figures, and rental yield reads 8.25% at a $899,000 purchase. Equity gained on principal adds $5,801/yr, and 5% annual appreciation supports $248,377 over five years. Five-year ROI reaches 117.07% and total cumulative return in cash sums $346,270. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,180/mo property income instead of your personal income.
Single Family
Built in 1963
0.28 Acres 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: Mustafa Tinawi • Luxe Realty Group
Mls Name: CCAR
Mls ID: #41115418