415 Harbor RdAlamedaCA94502
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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 Alameda at 415 Harbor Rd, Alameda, CA, 94502 priced at $995,000 converts $6,708/mo rent into after a $4,870/mo obligation. Total monthly income equals $6,708/mo. Return on cash invested prints 19.12% in year one, and rental yield reads 8.09% against a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation compiles into $274,900 by year five. Five-year ROI reaches 99.65% and total cumulative return in cash sums $326,214. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,708/mo property income covering a $4,870/mo payment, not borrower’s personal income.
Townhouse
Built in 1984
1,742 sqft lot
$N/A/sqft
$517 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94502, Alameda, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,163 (100%) |
| Owner Occupied HU | 4,086 (79.1%) |
| Renter Occupied HU | 874 (16.9%) |
| Vacant Housing Units | 203 ( 3.9%) |
| Median Home Value | $1,364,754 |
| Average Home Value | $1,397,967 |
Housing Distribution
Address Breakdown
Residential
5,267
Single Family
5,094
Multi-Family
173
Businesses
269
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Listed by: Kwong Szeto • Builopment Corporation
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41063187
Disclaimer: Bay East 2024. CCAR 2024. bridgeMLS 2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-08-15 00:23:30 PDT.