2821 Florida AveRichmondCA94804
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Richmond at 2821 Florida Ave, Richmond, CA, 94804 uses $132,600 cash to close to unlock $16,768/yr annual cash flow and $1,397/mo monthly cash flow. Total monthly income runs $3,872/mo, and a $1,958/mo payment keeps the spread at $1,397/mo. Purchase price stands at $400,000, and rental yield measures 11.62% with $3,872/mo rent. Return on cash invested shows 32.55% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 170.67% and total cumulative return in cash records $226,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,872/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1955
3,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94804, Richmond, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,065 (100%) |
| Owner Occupied HU | 7,694 (47.9%) |
| Renter Occupied HU | 7,578 (47.2%) |
| Vacant Housing Units | 793 ( 4.9%) |
| Median Home Value | $707,589 |
| Average Home Value | $803,285 |
Housing Distribution
Address Breakdown
Residential
15,528
Single Family
12,603
Multi-Family
2,925
Businesses
1,213
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valencia Mischal • All City Homes
Mls Name: MetroList Services of CA
Mls ID: #225112592