1508 Bay RdEast Palo AltoCA94303
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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 East Palo Alto at 1508 Bay Rd, East Palo Alto, CA, 94303 priced at $899,000 converts $6,775/mo rent into $871/mo cash flow after a $4,400/mo obligation. Total monthly income equals $6,775/mo, and annual cash flow totals $10,457/yr on $295,771 invested. Return on cash invested prints 23.6% in year one, and rental yield reads 9.04% against a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation compiles into $248,377 by year five. Five-year ROI reaches 123.08% and total cumulative return in cash sums $364,042. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,775/mo property income covering a $4,400/mo payment, not borrower’s personal income.
Single Family
Built in 1930
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94303, Palo Alto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,452 (100%) |
| Owner Occupied HU | 7,276 (50.3%) |
| Renter Occupied HU | 6,372 (44.1%) |
| Vacant Housing Units | 804 ( 5.6%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,730,310 |
Housing Distribution
Address Breakdown
Residential
14,179
Single Family
10,525
Multi-Family
3,654
Businesses
1,127
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Listed by: Graeham Watts • Intero Real Estate Services
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81977462
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-27 05:09:35 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.