6254 Joaquin Murieta Ave APT INewarkCA94560
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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 Newark at 6254 Joaquin Murieta Ave APT I, Newark, CA, 94560 uses $173,712 cash to close to unlock $9,132/yr annual cash flow and $761/mo monthly cash flow. Total monthly income runs $4,588/mo, and a $2,584/mo payment keeps the spread at $761/mo. Purchase price stands at $528,000, and rental yield measures 10.43% with $4,588/mo rent. Return on cash invested shows 25.32% in year one, and 5% annual appreciation builds toward $145,877 over five years. Five-year ROI reaches 133.21% and total cumulative return in cash records $231,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,588/mo property income covering a $2,584/mo payment rather than investor’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$561 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94560, Newark, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,425 (100%) |
| Owner Occupied HU | 11,166 (68.0%) |
| Renter Occupied HU | 4,717 (28.7%) |
| Vacant Housing Units | 542 ( 3.3%) |
| Median Home Value | $1,208,016 |
| Average Home Value | $1,253,420 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
12,213
Multi-Family
3,846
Businesses
1,596
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Listed by: Josephine Lim • REALTY EXPERTS
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41071586
Disclaimer: Bay East 2024. CCAR 2024. bridgeMLS 2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-09-03 12:18:09 PDT.