4628 Melody Dr APT DConcordCA94521
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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 Concord at 4628 Melody Dr APT D, Concord, CA, 94521 generates $3,114/mo in rent and, after a $2,202/mo payment, leaves $331/mo in cash flow. Total monthly income is $3,114/mo, and annual cash flow is $3,971/yr on $149,142 invested. Return on cash invested sits at 22.57% in year one, and rental yield is 8.31% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 117.11% and total cumulative return in cash sums $174,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,114/mo property income rather than buyer’s personal income.
Condo
Built in N/A
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94521, Concord, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,254 (100%) |
| Owner Occupied HU | 11,203 (68.9%) |
| Renter Occupied HU | 4,563 (28.1%) |
| Vacant Housing Units | 488 ( 3.0%) |
| Median Home Value | $850,525 |
| Average Home Value | $898,586 |
Housing Distribution
Address Breakdown
Residential
16,123
Single Family
11,806
Multi-Family
4,317
Businesses
505
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Listed by: Anh Hoang Pham • SkyGroup Realty Inc.
Mls Name: SFAR
Mls ID: #425059162