421 Barrett AveRichmondCA94801
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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 Richmond at 421 Barrett Ave, Richmond, CA, 94801 offers a 7.44% rental yield on a $399,000 purchase with $2,473/mo rent. Total monthly income registers $2,473/mo, and a $1,953/mo payment leaves $5/mo available for distribution. Annual cash flow reaches $55/yr on $132,269 to close, and return on cash invested stands at 19.95% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 103.07% and total cumulative return in cash at $136,334. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,473/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1952
3,049 sqft lot
$N/A/sqft
No 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: Abel Cabrera-Martinez • Compass
Mls Name: CCAR
Mls ID: #41113794