700 Ocean AvenueRichmondCA94801
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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 Richmond at 700 Ocean Avenue, Richmond, CA, 94801 priced at $1,950,000 pairs $5,004/mo rent with after a $9,544/mo payment. Total monthly income equals $5,004/mo. Return on cash invested is 6.96% in year one, and rental yield stands at 3.08% on a $1,950,000 basis. Equity gained on principal adds $12,583/yr, and 5% annual appreciation accumulates to $538,749 by year five. Five-year ROI measures 33.32% and total cumulative return in cash reaches $210,497. For financing, Ziffy Mortgage’s DSCR program evaluates $5,004/mo property income against a $9,544/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1906
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94801, Richmond, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,643 (100%) |
| Owner Occupied HU | 4,301 (40.4%) |
| Renter Occupied HU | 5,723 (53.8%) |
| Vacant Housing Units | 619 ( 5.8%) |
| Median Home Value | $667,820 |
| Average Home Value | $818,383 |
Housing Distribution
Address Breakdown
Residential
10,030
Single Family
8,128
Multi-Family
1,902
Businesses
696
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Listed by: McCarthy + Moe Group • Compass
Mls Name: BAREIS
Mls ID: #325089583