1520 Schenone Ct APT 15ConcordCA94521
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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 1520 Schenone Ct APT 15, Concord, CA, 94521 uses $148,844 cash to close to unlock $7,224/yr annual cash flow and $602/mo monthly cash flow. Total monthly income runs $3,380/mo, and a $2,198/mo payment keeps the spread at $602/mo. Purchase price stands at $449,000, and rental yield measures 9.03% with $3,380/mo rent. Return on cash invested shows 24.76% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 128.89% and total cumulative return in cash records $191,848. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,380/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94521, Concord, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,254 (100%) |
| Owner Occupied HU | 11,203 (68.9%) |
| Renter Occupied HU | 4,563 (28.1%) |
| Vacant Housing Units | 488 ( 3.0%) |
| Median Home Value | $850,525 |
| Average Home Value | $898,586 |
Housing Distribution
Address Breakdown
Residential
16,123
Single Family
11,806
Multi-Family
4,317
Businesses
505
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Listed by: Mike Rittenhouse • Epm Real Estate
Mls Name: CCAR
Mls ID: #41120564