535 Pierce St APT 3402AlbanyCA94706
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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 Albany at 535 Pierce St APT 3402, Albany, CA, 94706 uses $228,655 cash to close to unlock $5,738/yr annual cash flow and $478/mo monthly cash flow. Total monthly income runs $5,552/mo, and a $3,402/mo payment keeps the spread at $478/mo. Purchase price stands at $695,000, and rental yield measures 9.59% with $5,552/mo rent. Return on cash invested shows 22.57% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 118.56% and total cumulative return in cash records $271,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,552/mo property income covering a $3,402/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A 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
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Listed by: Daphne Royse • Intero Real Estate Services
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81978692
Disclaimer: Based on information from the MLSListings MLS as of 2024-09-03 13:58:05 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.