388 Everett AvePalo AltoCA94301
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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
Total monthly income runs $8,369/mo, and a $5,864/mo payment. Purchase price stands at $1,198,000, and rental yield measures 8.38% with $8,369/mo rent. Return on cash invested shows 19.91% in year one, and 5% annual appreciation builds toward $330,985 over five years. Five-year ROI reaches 103.99% and total cumulative return in cash records $403,651. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,369/mo property income covering a $5,864/mo payment rather than investor’s personal income.
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
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Listed by: Brett Caviness • Compass
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81972818
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-14 23:17:19 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.