388 Everett AvePalo AltoCA94301
INVESTMENT ANALYSIS
Investment Verdict
Solid Income388 Everett Ave, Palo Alto, CA, 94301 in Palo Alto carries a 1.55 coverage ratio, rent of $8,369/mo is 1.55 times the $5,387/mo payment. Rental yield 8.38%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $1,198,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $330,985; total projected cumulative return: $449,540.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 5.8% |
| Monthly Cash Flow | $(149) | $2,000 |
City averages based on Palo Alto market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,369 |
| Total Monthly Debt Service | $8,041 |
| DSCR Ratio | 1.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1971
N/A lot
$N/A/sqft
$705 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94301, Palo Alto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,204 (100%) |
| Owner Occupied HU | 3,604 (43.9%) |
| Renter Occupied HU | 3,600 (43.9%) |
| Vacant Housing Units | 1,000 (12.2%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,033,909 |
Housing Distribution
Address Breakdown
Residential
7,817
Single Family
5,262
Multi-Family
2,555
Businesses
1,013
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
Condo
Built in 1971
N/A lot
$N/A/sqft
$705 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94301, Palo Alto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,204 (100%) |
| Owner Occupied HU | 3,604 (43.9%) |
| Renter Occupied HU | 3,600 (43.9%) |
| Vacant Housing Units | 1,000 (12.2%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,033,909 |
Housing Distribution
Address Breakdown
Residential
7,817
Single Family
5,262
Multi-Family
2,555
Businesses
1,013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices