502 Pennsylvania AveRichmondCA94801
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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 Richmond at 502 Pennsylvania Ave, Richmond, CA, 94801 uses $139,213 cash to close to unlock $6,739/yr annual cash flow and $562/mo monthly cash flow. Total monthly income runs $3,159/mo, and a $2,055/mo payment keeps the spread at $562/mo. Purchase price stands at $419,950, and rental yield measures 9.03% with $3,159/mo rent. Return on cash invested shows 24.75% in year one, and 5% annual appreciation builds toward $116,024 over five years. Five-year ROI reaches 128.8% and total cumulative return in cash records $179,307. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,159/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Single Family
Built in 1915
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94801, Richmond, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,643 (100%) |
| Owner Occupied HU | 4,301 (40.4%) |
| Renter Occupied HU | 5,723 (53.8%) |
| Vacant Housing Units | 619 ( 5.8%) |
| Median Home Value | $667,820 |
| Average Home Value | $818,383 |
Housing Distribution
Address Breakdown
Residential
10,030
Single Family
8,128
Multi-Family
1,902
Businesses
696
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Listed by: Daniel Ripper • Compass
Mls Name: CCAR
Mls ID: #41119322