1255 Detroit Ave APT 3ConcordCA94520
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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 1255 Detroit Ave APT 3, Concord, CA, 94520 uses $142,176 cash to close to unlock $8,292/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $3,344/mo, and a $2,099/mo payment keeps the spread at $691/mo. Purchase price stands at $428,888, and rental yield measures 9.36% with $3,344/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $118,494 over five years. Five-year ROI reaches 134.14% and total cumulative return in cash records $190,717. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,344/mo property income covering a $2,099/mo payment rather than investor’s personal income.
Townhouse
Built in 1981
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94520, Concord, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,403 (100%) |
| Owner Occupied HU | 5,182 (36.0%) |
| Renter Occupied HU | 8,554 (59.4%) |
| Vacant Housing Units | 667 ( 4.6%) |
| Median Home Value | $611,281 |
| Average Home Value | $673,614 |
Housing Distribution
Address Breakdown
Residential
13,774
Single Family
6,675
Multi-Family
7,099
Businesses
2,730
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Listed by: Amir Aliloupour • Coldwell Banker
Mls Name: CCAR
Mls ID: #41119459