602 Ironwood RdAlamedaCA94502
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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 Alameda at 602 Ironwood Rd, Alameda, CA, 94502 listed at $796,400 pairs $3,928/mo rent with a $3,898/mo payment. Total monthly income runs $3,928/mo. Return on cash invested measures 13.25% in year one, and rental yield registers 5.92% at a $796,400 basis. Equity gained on principal adds $5,139/yr, and annual property appreciation at 5% supports $220,031 by year five. Five-year ROI tracks 67.89% and total cumulative return in cash totals $177,893. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,928/mo property income relative to a $3,898/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1978
1,306 sqft lot
$N/A/sqft
$188 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94502, Alameda, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,163 (100%) |
| Owner Occupied HU | 4,086 (79.1%) |
| Renter Occupied HU | 874 (16.9%) |
| Vacant Housing Units | 203 ( 3.9%) |
| Median Home Value | $1,364,754 |
| Average Home Value | $1,397,967 |
Housing Distribution
Address Breakdown
Residential
5,267
Single Family
5,094
Multi-Family
173
Businesses
269
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Listed by: N/A • N/A
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