2940 May RdRichmondCA94803
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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 Richmond at 2940 May Rd, Richmond, CA, 94803 with 5% annual appreciation on a $720,000 basis while $5,626/mo rent supports operations. Total monthly income totals $5,626/mo and a $3,524/mo payment preserves $1,172/mo for cash returns. Annual cash flow comes to $14,064/yr on $236,880 deployed, and return on cash invested reaches 26% in year one. Equity gained on principal adds $4,646/yr, and five-year appreciation sums $198,923 alongside rental yield of 9.38%. Five-year ROI measures 135.45% and total cumulative return in cash totals $320,851.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,626/mo property income versus a $3,524/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
6,177 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94803, El Sobrante, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,745 (100%) |
| Owner Occupied HU | 6,564 (67.4%) |
| Renter Occupied HU | 2,766 (28.4%) |
| Vacant Housing Units | 415 ( 4.3%) |
| Median Home Value | $812,573 |
| Average Home Value | $917,555 |
Housing Distribution
Address Breakdown
Residential
9,595
Single Family
8,115
Multi-Family
1,480
Businesses
356
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Listed by: Jim Worthen • Fathom Realty Group, Inc.
Mls Name: BAREIS
Mls Provider:
Mls ID: #324063890
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.