123 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 123 Lakeshore Ct, Richmond, CA, 94804 priced at $425,000 converts $2,981/mo rent into after a $2,080/mo obligation. Total monthly income equals $2,981/mo. Return on cash invested prints 17.09% in year one, and rental yield reads 8.42% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 89.85% and total cumulative return in cash sums $126,593. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,981/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Condo
Built in 1991
2,125 sqft lot
$N/A/sqft
$498 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: Amanda J. Holcombe • Compass
Mls Name: SFAR
Mls Provider:
Mls ID: #425017056
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.