1515 Park StAlamedaCA94501
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 1515 Park St, Alameda, CA, 94501 in Alameda fits: $1,591,800, 3.98% gross yield, and a projected 5% annual appreciation rate adding $439,785 in value within five years. Rental yield 3.98%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.74) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $14,661/yr in principal paydown and $439,785 in appreciation project a total return of $256,822.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 5.5% |
| Monthly Cash Flow | $(5,448) | $250 |
City averages based on Alameda market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,276 |
| Total Monthly Debt Service | $10,091 |
| DSCR Ratio | 0.52x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1900
3,659 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94501, Alameda, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,448 (100%) |
| Owner Occupied HU | 11,332 (38.5%) |
| Renter Occupied HU | 15,712 (53.4%) |
| Vacant Housing Units | 2,404 ( 8.2%) |
| Median Home Value | $1,391,181 |
| Average Home Value | $1,407,626 |
Housing Distribution
Address Breakdown
Residential
28,552
Single Family
16,985
Multi-Family
11,567
Businesses
2,354
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 1900
3,659 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94501, Alameda, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,448 (100%) |
| Owner Occupied HU | 11,332 (38.5%) |
| Renter Occupied HU | 15,712 (53.4%) |
| Vacant Housing Units | 2,404 ( 8.2%) |
| Median Home Value | $1,391,181 |
| Average Home Value | $1,407,626 |
Housing Distribution
Address Breakdown
Residential
28,552
Single Family
16,985
Multi-Family
11,567
Businesses
2,354
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A