555 Pierce St APT 335AlbanyCA94706
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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 Albany at 555 Pierce St APT 335, Albany, CA, 94706 offers $4,980/mo rent that, after a $2,545/mo payment, leaves $432/mo cash flow. Total monthly income is $4,980/mo, and annual cash flow is $5,183/yr on $171,080 cash. Return on cash invested measures 23.09% in year one, and rental yield stands at 11.49% at a $520,000 entry. Equity gained on principal adds $3,355/yr while 5% annual appreciation compounds into $143,666 by year five. Five-year ROI records 123.24% and total cumulative return in cash reaches $210,839. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,980/mo property income versus a $2,545/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1977
7.32 Acres lot
$N/A/sqft
$889 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: Tania Balazs Jacard • Red Oak Realty
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41067614
Disclaimer: Bay East 2024. CCAR 2024. bridgeMLS 2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-08-15 17:04:55 PDT.