7150 Rainbow Dr APT 42San JoseCA95129
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 7150 Rainbow Dr APT 42, San Jose, CA, 95129 in San Jose at $699,000. Rental yield 6.64%. The 6.64% yield and 1.23 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $193,121 by year five, and $6,438/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $235,737.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 6.0% |
| Monthly Cash Flow | $(1,123) | $500 |
City averages based on San Jose market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,868 |
| Total Monthly Debt Service | $4,046 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1964
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95129, San Jose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,142 (100%) |
| Owner Occupied HU | 7,733 (54.7%) |
| Renter Occupied HU | 5,844 (41.3%) |
| Vacant Housing Units | 565 ( 4.0%) |
| Median Home Value | $1,858,556 |
| Average Home Value | $1,771,965 |
Housing Distribution
Address Breakdown
Residential
14,690
Single Family
12,372
Multi-Family
2,318
Businesses
1,124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1964
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95129, San Jose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,142 (100%) |
| Owner Occupied HU | 7,733 (54.7%) |
| Renter Occupied HU | 5,844 (41.3%) |
| Vacant Housing Units | 565 ( 4.0%) |
| Median Home Value | $1,858,556 |
| Average Home Value | $1,771,965 |
Housing Distribution
Address Breakdown
Residential
14,690
Single Family
12,372
Multi-Family
2,318
Businesses
1,124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow
Mls ID: #Z000000453