2044 Sierra Rd APT 3ConcordCA94518
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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 2044 Sierra Rd APT 3, Concord, CA, 94518 uses $120,069 cash to close to unlock $5,118/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $2,837/mo, and a $1,773/mo payment keeps the spread at $427/mo. Purchase price stands at $362,200, and rental yield measures 9.4% with $2,837/mo rent. Return on cash invested shows 24.17% in year one, and 5% annual appreciation builds toward $100,069 over five years. Five-year ROI reaches 126.32% and total cumulative return in cash records $151,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,837/mo property income covering a $1,773/mo payment rather than investor’s personal income.
Condo
Built in 1965
5.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94518, Concord, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,769 (100%) |
| Owner Occupied HU | 6,871 (63.8%) |
| Renter Occupied HU | 3,501 (32.5%) |
| Vacant Housing Units | 397 ( 3.7%) |
| Median Home Value | $840,074 |
| Average Home Value | $875,255 |
Housing Distribution
Address Breakdown
Residential
10,462
Single Family
8,209
Multi-Family
2,253
Businesses
492
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