6 Hanford AveConcordCA94518
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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 Concord at 6 Hanford Ave, Concord, CA, 94518 priced at $109,000 converts $858/mo rent into $183/mo cash flow after a $534/mo obligation. Total monthly income equals $858/mo, and annual cash flow totals $2,198/yr on $36,134 invested. Return on cash invested prints 25.99% in year one, and rental yield reads 9.45% against a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation compiles into $30,115 by year five. Five-year ROI reaches 135.59% and total cumulative return in cash sums $48,994. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $858/mo property income covering a $534/mo payment, not borrower’s personal income.
Manufactured
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94518, Concord, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,769 (100%) |
| Owner Occupied HU | 6,871 (63.8%) |
| Renter Occupied HU | 3,501 (32.5%) |
| Vacant Housing Units | 397 ( 3.7%) |
| Median Home Value | $840,074 |
| Average Home Value | $875,255 |
Housing Distribution
Address Breakdown
Residential
10,462
Single Family
8,209
Multi-Family
2,253
Businesses
492
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Listed by: Kymberley Jackson-Dumas • K Dumas Homes
Mls Name: MetroList Services of CA
Mls ID: #225150207