1771 Broadway St APT 226ConcordCA94520
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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 1771 Broadway St APT 226, Concord, CA, 94520 uses $84,499 cash to close to unlock $261/yr annual cash flow and $22/mo monthly cash flow. Total monthly income runs $2,027/mo, and a $1,248/mo payment keeps the spread at $22/mo. Purchase price stands at $254,900, and rental yield measures 9.54% with $2,027/mo rent. Return on cash invested shows 20.22% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 106.69% and total cumulative return in cash records $90,156. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,027/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1983
479.16 sqft lot
$N/A/sqft
$428 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94520, Concord, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,403 (100%) |
| Owner Occupied HU | 5,182 (36.0%) |
| Renter Occupied HU | 8,554 (59.4%) |
| Vacant Housing Units | 667 ( 4.6%) |
| Median Home Value | $611,281 |
| Average Home Value | $673,614 |
Housing Distribution
Address Breakdown
Residential
13,774
Single Family
6,675
Multi-Family
7,099
Businesses
2,730
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Listed by: Yvonne Aiavao • KW Vaca Valley
Mls Name: BAREIS
Mls Provider:
Mls ID: #324090955
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.