615 Forest AvePalo AltoCA94301
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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 Palo Alto at 615 Forest Ave, Palo Alto, CA, 94301 earns from $8,389/mo rent with a $6,485/mo payment. Total monthly income totals $8,389/mo. ROI tracks 18.99% on current figures, and rental yield reads 7.6% at a $1,325,000 purchase. Equity gained on principal adds $8,550/yr, and 5% annual appreciation supports $366,073 over five years. Five-year ROI reaches 98.5% and total cumulative return in cash sums $422,860. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $8,389/mo property income instead of your personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
$550 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94301, Palo Alto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,204 (100%) |
| Owner Occupied HU | 3,604 (43.9%) |
| Renter Occupied HU | 3,600 (43.9%) |
| Vacant Housing Units | 1,000 (12.2%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,033,909 |
Housing Distribution
Address Breakdown
Residential
7,817
Single Family
5,262
Multi-Family
2,555
Businesses
1,013
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Listed by: Joann Weber • Midtown Management Inc.
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81970683
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-14 23:17:19 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.