709 Pennsylvania AveRichmondCA94801
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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 709 Pennsylvania Ave, Richmond, CA, 94801 offers $4,487/mo rent that, after a $3,181/mo payment, leaves $466/mo cash flow. Total monthly income is $4,487/mo, and annual cash flow is $5,597/yr on $213,850 cash. Return on cash invested measures 22.68% in year one, and rental yield stands at 8.28% at a $650,000 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,583 by year five. Five-year ROI records 117.66% and total cumulative return in cash reaches $251,618. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,487/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
2,500 sqft 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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Nearby investment properties with comparable prices
Listed by: Silvia Oliveros • Cabrera Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #324075390
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.