1201 Glen Cove Parkway #1616VallejoCA94591
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Vallejo at 1201 Glen Cove Parkway #1616, Vallejo, CA, 94591 uses $117,683 cash to close to unlock $4,109/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $2,539/mo, and a $1,738/mo payment keeps the spread at $342/mo. Purchase price stands at $355,000, and rental yield measures 8.58% with $2,539/mo rent. Return on cash invested shows 23.4% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 121.59% and total cumulative return in cash records $143,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,539/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Condo
Built in 1992
945.25 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94591, Vallejo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,849 (100%) |
| Owner Occupied HU | 12,655 (63.8%) |
| Renter Occupied HU | 6,407 (32.3%) |
| Vacant Housing Units | 787 ( 4.0%) |
| Median Home Value | $638,699 |
| Average Home Value | $666,896 |
Housing Distribution
Address Breakdown
Residential
19,903
Single Family
17,098
Multi-Family
2,805
Businesses
739
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debbie Souza • Compass
Mls Name: BAREIS
Mls ID: #326007394