555 Pierce St APT 942AlbanyCA94706
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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 555 Pierce St APT 942, Albany, CA, 94706 offers a 8.42% rental yield on a $499,000 purchase with $3,503/mo rent. 47% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 76.76% and total cumulative return in cash at $126,978. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,503/mo property income against a $2,442/mo payment rather than investor’s personal income documents like 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Laura Martell • Winkler Real Estate Group
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41064267
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 2024-10-19 01:36:35 PDT.