585 Majestic WaySan LeandroCA94578
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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 San Leandro at 585 Majestic Way, San Leandro, CA, 94578 priced at $399,000 converts $3,142/mo rent into $674/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,142/mo, and annual cash flow totals $8,083/yr on $132,269 invested. Return on cash invested prints 26.02% in year one, and rental yield reads 9.45% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 135.63% and total cumulative return in cash sums $179,390. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,142/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94578, San Leandro, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,212 (100%) |
| Owner Occupied HU | 5,836 (38.4%) |
| Renter Occupied HU | 8,738 (57.4%) |
| Vacant Housing Units | 638 ( 4.2%) |
| Median Home Value | $828,394 |
| Average Home Value | $923,591 |
Housing Distribution
Address Breakdown
Residential
14,728
Single Family
8,713
Multi-Family
6,015
Businesses
939
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Listed by: JianJun Ye • Grand Realty Group
Mls Name: Bay East AOR
Mls ID: #41114803