15335 Washington Ave APT 203San LeandroCA94579
INVESTMENT ANALYSIS
Investment Verdict
Solid Income15335 Washington Ave APT 203, San Leandro, CA, 94579 in San Leandro is a stable, well-positioned rental at $468,000. Rental yield 8.1%. DSCR 1.42 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $129,300 in value and $3,923/yr in principal paydown builds equity, a total projected return of $147,657.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.0% |
| Monthly Cash Flow | $(369) | $1,200 |
City averages based on San Leandro market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,161 |
| Total Monthly Debt Service | $3,458 |
| DSCR Ratio | 0.91x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
0.89 Acres lot
$N/A/sqft
$635 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94579, San Leandro, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,978 (100%) |
| Owner Occupied HU | 4,919 (70.5%) |
| Renter Occupied HU | 1,884 (27.0%) |
| Vacant Housing Units | 175 ( 2.5%) |
| Median Home Value | $825,394 |
| Average Home Value | $840,397 |
Housing Distribution
Address Breakdown
Residential
7,094
Single Family
6,416
Multi-Family
678
Businesses
217
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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
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Listed by: Adela Picar • eXp Realty of Northern CA Inc.
Mls Name: SFAR
Mls Provider:
Mls ID: #424073952
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
