4655 Melody Drive #AConcordCA94521
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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 Concord at 4655 Melody Drive #A, Concord, CA, 94521 listed at $479,999 pairs $3,252/mo rent with a $2,349/mo payment to leave $283/mo cash flow. Total monthly income runs $3,252/mo, and annual cash flow reaches $3,396/yr on $159,120 cash to close. Return on cash invested measures 22.04% in year one, and rental yield registers 8.13% at a $479,999 basis. Equity gained on principal adds $3,097/yr, and annual property appreciation at 5% supports $132,615 by year five. Five-year ROI tracks 114.28% and total cumulative return in cash totals $181,840. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,252/mo property income relative to a $2,349/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
919.12 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: Gilbert J Duenas • GD Homes
Mls Name: BAREIS
Mls ID: #325084846