120 Lakeshore 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
Rental property for sale in Richmond at 120 Lakeshore Ct, Richmond, CA, 94804 priced at $530,000 pairs $2,530/mo rent with after a $2,594/mo payment. Total monthly income equals $2,530/mo. Return on cash invested is 8.4% in year one, and rental yield stands at 5.73% on a $530,000 basis. Equity gained on principal adds $3,420/yr, and 5% annual appreciation accumulates to $146,429 by year five. Five-year ROI measures 43.45% and total cumulative return in cash reaches $75,763. For financing, Ziffy Mortgage’s DSCR program evaluates $2,530/mo property income against a $2,594/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1991
2,126 sqft lot
$N/A/sqft
$548 monthly 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: Terrin Kelly • Twin Oaks Real Estate INC
Mls Name: BAREIS
Mls Provider:
Mls ID: #324067235
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.