2137 Otis Dr APT 322AlamedaCA94501
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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 Alameda at 2137 Otis Dr APT 322, Alameda, CA, 94501 uses $192,465 cash to close to unlock $1,420/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $3,737/mo, and a $2,863/mo payment keeps the spread at $118/mo. Purchase price stands at $585,000, and rental yield measures 7.67% with $3,737/mo rent. Return on cash invested shows 20.8% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 107.58% and total cumulative return in cash records $207,054. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,737/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Condo
Built in 1966
1.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94501, Alameda, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,448 (100%) |
| Owner Occupied HU | 11,332 (38.5%) |
| Renter Occupied HU | 15,712 (53.4%) |
| Vacant Housing Units | 2,404 ( 8.2%) |
| Median Home Value | $1,391,181 |
| Average Home Value | $1,407,626 |
Housing Distribution
Address Breakdown
Residential
28,552
Single Family
16,985
Multi-Family
11,567
Businesses
2,354
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Listed by: Sakura Kim Lee • Kw Advisors East Bay
Mls Name: Bay East AOR
Mls ID: #41116331