420 Corcoran Avenue #4VallejoCA94589
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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
Investment property for sale in Vallejo at 420 Corcoran Avenue #4, Vallejo, CA, 94589 offers a 8.55% rental yield on a $214,000 purchase with $1,525/mo rent. Total monthly income registers $1,525/mo, and a $1,047/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,419/yr on $70,941 to close, and return on cash invested stands at 23.32% in year one. Equity gained on principal adds $1,381/yr while 5% annual appreciation supports $59,124 over five years. Portfolio math shows five-year ROI at 121.15% and total cumulative return in cash at $85,943. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,525/mo property income against a $1,047/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94589, Vallejo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,016 (100%) |
| Owner Occupied HU | 5,801 (57.9%) |
| Renter Occupied HU | 3,729 (37.2%) |
| Vacant Housing Units | 486 ( 4.9%) |
| Median Home Value | $577,913 |
| Average Home Value | $624,934 |
Housing Distribution
Address Breakdown
Residential
9,946
Single Family
8,597
Multi-Family
1,349
Businesses
337
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Listed by: Maggie Padilla • RE/MAX Gold
Mls Name: BAREIS
Mls ID: #325062661