347 W Bissell 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
Rental property for sale in Richmond at 347 W Bissell Ave, Richmond, CA, 94801 priced at $112,248 converts $2,369/mo rent into $1,083/mo cash flow after a $549/mo obligation. Total monthly income equals $2,369/mo, and annual cash flow totals $12,996/yr on $37,210 invested. Return on cash invested prints 54.84% in year one, and rental yield reads 25.33% against a $112,248 entry. Equity gained on principal adds $724/yr, while 5% annual appreciation compiles into $31,012 by year five. Five-year ROI reaches 297.2% and total cumulative return in cash sums $110,589. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,369/mo property income covering a $549/mo payment, not borrower’s personal income.
Condo
Built in 1942
N/A lot
$N/A/sqft
$592 monthly 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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