535 Pierce St APT 1217AlbanyCA94706
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 535 Pierce St APT 1217, Albany, CA, 94706 in Albany offers a clean, manageable entry. Rental yield 6.67%. DSCR 1.24 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $182,291 in additional property value over five years, with $6,077/yr in principal equity building ownership stake. Total projected cumulative return: $178,069.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 5.0% |
| Monthly Cash Flow | $(1,172) | $2,500 |
City averages based on Albany market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,668 |
| Total Monthly Debt Service | $4,577 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1988
7.64 Acres lot
$N/A/sqft
$689 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94706, Albany, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,968 (100%) |
| Owner Occupied HU | 3,902 (49.0%) |
| Renter Occupied HU | 3,600 (45.2%) |
| Vacant Housing Units | 466 ( 5.8%) |
| Median Home Value | $1,359,932 |
| Average Home Value | $1,396,764 |
Housing Distribution
Address Breakdown
Residential
8,116
Single Family
5,762
Multi-Family
2,354
Businesses
754
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 1988
7.64 Acres lot
$N/A/sqft
$689 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94706, Albany, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,968 (100%) |
| Owner Occupied HU | 3,902 (49.0%) |
| Renter Occupied HU | 3,600 (45.2%) |
| Vacant Housing Units | 466 ( 5.8%) |
| Median Home Value | $1,359,932 |
| Average Home Value | $1,396,764 |
Housing Distribution
Address Breakdown
Residential
8,116
Single Family
5,762
Multi-Family
2,354
Businesses
754
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices