1622 Candelero DrWalnut CreekCA94598
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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 Walnut Creek at 1622 Candelero Dr, Walnut Creek, CA, 94598 offers a 9.45% rental yield on a $716,000 purchase with $5,640/mo rent. Total monthly income registers $5,640/mo, and a $3,504/mo payment leaves $591/mo available for distribution. Annual cash flow reaches $7,086/yr on $235,564 to close, and return on cash invested stands at 23.07% in year one. Equity gained on principal adds $4,620/yr while 5% annual appreciation supports $197,818 over five years. Portfolio math shows five-year ROI at 120.89% and total cumulative return in cash at $284,783. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,640/mo property income against a $3,504/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1973
2,178 sqft lot
$N/A/sqft
$518 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94598, Walnut Creek, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,756 (100%) |
| Owner Occupied HU | 7,939 (73.8%) |
| Renter Occupied HU | 2,407 (22.4%) |
| Vacant Housing Units | 410 ( 3.8%) |
| Median Home Value | $1,327,351 |
| Average Home Value | $1,384,723 |
Housing Distribution
Address Breakdown
Residential
10,708
Single Family
9,322
Multi-Family
1,386
Businesses
1,044
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Listed by: Aileen Matteson • RE/MAX Accord
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41059953
Disclaimer: Bay East 2024. CCAR 2024. bridgeMLS 2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-08-15 08:55:46 PDT.