316 S 23rd StRichmondCA94804
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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
Rental property for sale in Richmond at 316 S 23rd St, Richmond, CA, 94804 generates $4,399/mo in rent and, after a $3,103/mo payment, leaves $477/mo in cash flow. Total monthly income is $4,399/mo, and annual cash flow is $5,725/yr on $208,586 invested. Return on cash invested sits at 22.8% in year one, and rental yield is 8.33% on a $634,000 entry. Equity gained on principal adds $4,091/yr, while 5% annual appreciation builds toward $175,163 over five years. Five-year ROI reaches 118.35% and total cumulative return in cash sums $246,858. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,399/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
5,001 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
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Listed by: Lisa Noble-Wamble • Lea Pannell Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #324039380
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.