2881 Meridian Ave UNIT 256San JoseCA95124
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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 San Jose at 2881 Meridian Ave UNIT 256, San Jose, CA, 95124 earns from $6,238/mo rent with a $4,694/mo payment. Total monthly income totals $6,238/mo. ROI tracks 18.94% on current figures, and rental yield reads 7.81% at a $959,000 purchase. Equity gained on principal adds $6,188/yr, and 5% annual appreciation supports $264,954 over five years. Five-year ROI reaches 98.45% and total cumulative return in cash sums $310,627. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,238/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$591 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95124, San Jose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,434 (100%) |
| Owner Occupied HU | 11,999 (68.8%) |
| Renter Occupied HU | 4,848 (27.8%) |
| Vacant Housing Units | 587 ( 3.4%) |
| Median Home Value | $1,698,738 |
| Average Home Value | $1,679,933 |
Housing Distribution
Address Breakdown
Residential
17,416
Single Family
16,566
Multi-Family
850
Businesses
834
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Listed by: Gina Marciano • Compass
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81976782
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-27 16:13:27 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.