1408 Carmelita CtConcordCA94520
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 1408 Carmelita Ct, Concord, CA, 94520 in Concord earns a 9.11% gross yield at $500,000. Rent of $3,796/mo nets $703/mo after the $2,248/mo mortgage. The 1.69 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $138,141 and $4,605/yr in equity accumulation project a total cumulative return of $234,879.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $703 | $250 |
City averages based on Concord market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,796 |
| Total Monthly Debt Service | $2,894 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1957
6,534 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
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
Single Family
Built in 1957
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bay East AOR
Mls ID: #41127576