602 Fleming Ave EVallejoCA94591
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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 Vallejo at 602 Fleming Ave E, Vallejo, CA, 94591 priced at $420,000 converts $2,889/mo rent into after a $2,056/mo obligation. Total monthly income equals $2,889/mo. Return on cash invested prints 19.43% in year one, and rental yield reads 8.25% against a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,038 by year five. Five-year ROI reaches 101.36% and total cumulative return in cash sums $141,127. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,889/mo property income covering a $2,056/mo payment, not borrower’s personal income.
Single Family
Built in 1977
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94591, Vallejo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,849 (100%) |
| Owner Occupied HU | 12,655 (63.8%) |
| Renter Occupied HU | 6,407 (32.3%) |
| Vacant Housing Units | 787 ( 4.0%) |
| Median Home Value | $638,699 |
| Average Home Value | $666,896 |
Housing Distribution
Address Breakdown
Residential
19,903
Single Family
17,098
Multi-Family
2,805
Businesses
739
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Listed by: Nicole Flores • Colliers International
Mls Name: SFAR
Mls Provider:
Mls ID: #325054004
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.