406 Marina WayRichmondCA94801
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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 Richmond at 406 Marina Way, Richmond, CA, 94801 priced at $519,999 converts $2,744/mo rent into after a $2,545/mo obligation. Total monthly income equals $2,744/mo. Return on cash invested prints 10.6% in year one, and rental yield reads 6.33% against a $519,999 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,666 by year five. Five-year ROI reaches 55.12% and total cumulative return in cash sums $94,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,744/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Townhouse
Built in 2003
976 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94801, Richmond, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,643 (100%) |
| Owner Occupied HU | 4,301 (40.4%) |
| Renter Occupied HU | 5,723 (53.8%) |
| Vacant Housing Units | 619 ( 5.8%) |
| Median Home Value | $667,820 |
| Average Home Value | $818,383 |
Housing Distribution
Address Breakdown
Residential
10,030
Single Family
8,128
Multi-Family
1,902
Businesses
696
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Listed by: Edward R Blakeley • RAI Real Estate Group
Mls Name: BAREIS
Mls Provider:
Mls ID: #325000298
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.