35 Leonard CtAlamedaCA94502
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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 Alameda at 35 Leonard Ct, Alameda, CA, 94502 generates $4,652/mo in rent, after a $5,276/mo payment. Total monthly income is $4,652/mo. Return on cash invested sits at 13.44% in year one, and rental yield is 5.18% on a $1,078,000 entry. Equity gained on principal adds $6,956/yr, while 5% annual appreciation builds toward $297,832 over five years. Five-year ROI reaches 68.06% and total cumulative return in cash sums $237,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,652/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94502, Alameda, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,163 (100%) |
| Owner Occupied HU | 4,086 (79.1%) |
| Renter Occupied HU | 874 (16.9%) |
| Vacant Housing Units | 203 ( 3.9%) |
| Median Home Value | $1,364,754 |
| Average Home Value | $1,397,967 |
Housing Distribution
Address Breakdown
Residential
5,267
Single Family
5,094
Multi-Family
173
Businesses
269
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Listed by: John Kirkish • Flat Rate Realty
Mls Name: Bay East AOR
Mls ID: #41108844