5009 Palmetto Ave APT 27PacificaCA94044
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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 Pacifica at 5009 Palmetto Ave APT 27, Pacifica, CA, 94044 generates $3,659/mo in rent, after a $4,885/mo payment. Total monthly income is $3,659/mo. Return on cash invested sits at 6.58% in year one, and rental yield is 4.4% on a $998,000 entry. Equity gained on principal adds $6,440/yr, while 5% annual appreciation builds toward $275,729 over five years. Five-year ROI reaches 32.89% and total cumulative return in cash sums $107,976. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,659/mo property income rather than buyer’s personal income.
Condo
Built in 1973
9.03 Acres lot
$N/A/sqft
$915 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 94044, Pacifica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,705 (100%) |
| Owner Occupied HU | 9,684 (65.9%) |
| Renter Occupied HU | 4,526 (30.8%) |
| Vacant Housing Units | 495 ( 3.4%) |
| Median Home Value | $1,299,207 |
| Average Home Value | $1,367,093 |
Housing Distribution
Address Breakdown
Residential
14,504
Single Family
12,051
Multi-Family
2,453
Businesses
849
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-05 | Listed for sale | $998,000 |
| 2021-08-26 | Sold | $960,000 |
| 2021-07-23 | Contingent | $898,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $10584.84 | -13.60% | $810,000 | -15.63% |
| 2022-10-16 | $12251.68 | 23.47% | $960,000 | 24.36% |
| 2021-10-16 | $9922.46 | -1.09% | $771,983 | 1.04% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1973
- Architectural Style: Contemporary
- Building Area: 1,200
- Living Area: 1,200 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: None
- Cooling: None
- Flooring: Laminate, Marble, Tile, Vinyl
- Interior Features: Cathedral Ceiling(s)
- Exterior Features: Balcony
- Parking Features: Covered, Detached, Garage Door Opener, Side By Side, On Site
Location
HOA & Fees
- HOA Fee: $915 monthly
- Association Fee: $915 monthly
- Fees & Dues: N/A
- Association Amenities: Clubhouse, Tennis Court(s)
- Association Fee Includes: Cable TV, Common Areas, Insurance, Insurance on Structure, Maintenance Structure, Maintenance Grounds, Management, Roof, Sewer, Trash
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: David Anderson • The Source Real Estate Company
Mls Name: SFAR
Mls Provider:
Mls ID: #424062605
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.