62 Lorraine AvePittsburgCA94565
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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 Pittsburg at 62 Lorraine Ave, Pittsburg, CA, 94565 generates $3,682/mo in rent and, after a $1,957/mo payment, leaves $1,208/mo in cash flow. Total monthly income is $3,682/mo, and annual cash flow is $14,502/yr on $132,567 invested. Return on cash invested sits at 30.85% in year one, and rental yield is 11.05% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 161.5% and total cumulative return in cash sums $214,100. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,682/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94565, Pittsburg, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,781 (100%) |
| Owner Occupied HU | 17,563 (55.3%) |
| Renter Occupied HU | 13,096 (41.2%) |
| Vacant Housing Units | 1,122 ( 3.5%) |
| Median Home Value | $597,549 |
| Average Home Value | $644,907 |
Housing Distribution
Address Breakdown
Residential
31,108
Single Family
27,251
Multi-Family
3,857
Businesses
1,353
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Listed by: Elizabeth Marquez • Primelife Realty
Mls Name: CCAR
Mls ID: #41110773