356 Covington RdLos AltosCA94024
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Los Altos at 356 Covington Rd, Los Altos, CA, 94024 projects strong ROI of 0.16%. Rental yield 1.07%. With 5% annual appreciation, the property builds $2,970,027 in value over five years. Equity growth combined delivers a projected five-year ROI of 13.63%, translating into $414,075 in total cumulative return on $3,036,875 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.1% | 4.0% |
| Monthly Cash Flow | $(56,905) | $1,200 |
City averages based on Los Altos market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $9,596 |
| Total Monthly Debt Service | $62,224 |
| DSCR Ratio | 0.15x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94024, Los Altos, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,157 (100%) |
| Owner Occupied HU | 6,713 (82.3%) |
| Renter Occupied HU | 1,061 (13.0%) |
| Vacant Housing Units | 383 ( 4.7%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,131,100 |
Housing Distribution
Address Breakdown
Residential
8,047
Single Family
7,823
Multi-Family
224
Businesses
432
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1995
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94024, Los Altos, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,157 (100%) |
| Owner Occupied HU | 6,713 (82.3%) |
| Renter Occupied HU | 1,061 (13.0%) |
| Vacant Housing Units | 383 ( 4.7%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,131,100 |
Housing Distribution
Address Breakdown
Residential
8,047
Single Family
7,823
Multi-Family
224
Businesses
432
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ellen Barton • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82011032