389 1st St #14Los AltosCA94022
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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 Los Altos at 389 1st St #14, Los Altos, CA, 94022 priced at $1,795,000 converts $6,232/mo rent into after a $8,786/mo obligation. Total monthly income equals $6,232/mo. Return on cash invested prints 10.32% in year one, and rental yield reads 4.17% against a $1,795,000 entry. Equity gained on principal adds $11,583/yr, while 5% annual appreciation compiles into $495,925 by year five. Five-year ROI reaches 51.3% and total cumulative return in cash sums $298,345. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,232/mo property income covering a $8,786/mo payment, not borrower’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94022, Los Altos, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,075 (100%) |
| Owner Occupied HU | 5,801 (71.8%) |
| Renter Occupied HU | 1,651 (20.4%) |
| Vacant Housing Units | 623 ( 7.7%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,076,062 |
Housing Distribution
Address Breakdown
Residential
7,783
Single Family
6,704
Multi-Family
1,079
Businesses
925
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Listed by: Dominic Nicoli • Intero Real Estate Services
Mls Name: MLSListings Inc
Mls ID: #ML82023560