4632 Melody Drive #EConcordCA94521
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.61 makes 4632 Melody Drive #E, Concord, CA, 94521 in Concord one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.69%. The 8.69% yield, 5% annual appreciation ($109,960 over five years), and $3,666/yr in principal reduction project a total cumulative return of $178,033.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.0% |
| Monthly Cash Flow | $(78) | $250 |
City averages based on Concord market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,884 |
| Total Monthly Debt Service | $2,304 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1989
784.08 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1989
784.08 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: BAREIS
Mls ID: #326001943