4889 Cherokee DrConcordCA94521
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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 4889 Cherokee Dr, Concord, CA, 94521 generates $5,069/mo in rent, after a $5,066/mo payment. Total monthly income is $5,069/mo. Return on cash invested sits at 15.6% in year one, and rental yield is 5.88% on a $1,035,000 entry. Equity gained on principal adds $6,679/yr, while 5% annual appreciation builds toward $285,951 over five years. Five-year ROI reaches 79.62% and total cumulative return in cash sums $267,012. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,069/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.26 Acres 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: Jessica Bambach • Better Homes and Gardens RE
Mls Name: MetroList Services of CA
Mls ID: #225088269