2581 Park Blvd APT Y209Palo AltoCA94306
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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 Palo Alto at 2581 Park Blvd APT Y209, Palo Alto, CA, 94306 uses $355,752 cash to close to unlock $5,277/yr annual cash flow and $440/mo monthly cash flow. Total monthly income runs $8,142/mo, and a $5,374/mo payment keeps the spread at $440/mo. Purchase price stands at $1,098,000, and rental yield measures 8.9% with $8,142/mo rent. Return on cash invested shows 21.85% in year one, and 5% annual appreciation builds toward $303,357 over five years. Five-year ROI reaches 114.28% and total cumulative return in cash records $406,540. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,142/mo property income covering a $5,374/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
$910 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94306, Palo Alto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,607 (100%) |
| Owner Occupied HU | 5,414 (46.6%) |
| Renter Occupied HU | 5,430 (46.8%) |
| Vacant Housing Units | 763 ( 6.6%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,987,959 |
Housing Distribution
Address Breakdown
Residential
11,714
Single Family
7,993
Multi-Family
3,721
Businesses
1,167
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Listed by: Anita Gat • Keller Williams Palo Alto
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81972038
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-14 23:17:19 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.