345 Grove AveRichmondCA94801
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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 345 Grove Ave, Richmond, CA, 94801 offers a 17.53% rental yield on a $277,995 purchase with $4,060/mo rent. Total monthly income registers $4,060/mo, and a $1,361/mo payment leaves $2,057/mo available for distribution. Annual cash flow reaches $24,679/yr on $92,155 to close, and return on cash invested stands at 46.69% in year one. Equity gained on principal adds $1,794/yr while 5% annual appreciation supports $76,805 over five years. Portfolio math shows five-year ROI at 247.79% and total cumulative return in cash at $228,351. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,060/mo property income against a $1,361/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94801, Richmond, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,643 (100%) |
| Owner Occupied HU | 4,301 (40.4%) |
| Renter Occupied HU | 5,723 (53.8%) |
| Vacant Housing Units | 619 ( 5.8%) |
| Median Home Value | $667,820 |
| Average Home Value | $818,383 |
Housing Distribution
Address Breakdown
Residential
10,030
Single Family
8,128
Multi-Family
1,902
Businesses
696
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Listed by: N/A • N/A
Mls Name: Engel & Volkers
Mls Provider:
Mls ID: #41059409