2981 Gilma DrRichmondCA94806
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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 2981 Gilma Dr, Richmond, CA, 94806 uses $197,071 cash to close to unlock $3,771/yr annual cash flow and $314/mo monthly cash flow. Total monthly income runs $4,020/mo, and a $2,932/mo payment keeps the spread at $314/mo. Purchase price stands at $599,000, and rental yield measures 8.05% with $4,020/mo rent. Return on cash invested shows 21.97% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 113.89% and total cumulative return in cash records $224,446. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,020/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1955
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94806, San Pablo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,909 (100%) |
| Owner Occupied HU | 10,042 (48.0%) |
| Renter Occupied HU | 10,058 (48.1%) |
| Vacant Housing Units | 809 ( 3.9%) |
| Median Home Value | $658,348 |
| Average Home Value | $761,102 |
Housing Distribution
Address Breakdown
Residential
20,425
Single Family
14,561
Multi-Family
5,864
Businesses
1,069
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Listed by: Jeff Rosenberger • R.a.m. Realty
Mls Name: CCAR
Mls ID: #41116184