716 Ramona StPalo AltoCA94301
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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 Palo Alto at 716 Ramona St, Palo Alto, CA, 94301 offers $5,114/mo rent that, after a $7,342/mo payment. Total monthly income is $5,114/mo. Return on cash invested measures 10.08% in year one, and rental yield stands at 4.09% at a $1,500,000 entry. Equity gained on principal adds $9,679/yr while 5% annual appreciation compounds into $414,422 by year five. Five-year ROI records 50.06% and total cumulative return in cash reaches $243,275. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,114/mo property income versus a $7,342/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94301, Palo Alto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,204 (100%) |
| Owner Occupied HU | 3,604 (43.9%) |
| Renter Occupied HU | 3,600 (43.9%) |
| Vacant Housing Units | 1,000 (12.2%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,033,909 |
Housing Distribution
Address Breakdown
Residential
7,817
Single Family
5,262
Multi-Family
2,555
Businesses
1,013
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Listed by: Dana McCue • Compass
Mls Name: MLSListings Inc
Mls ID: #ML82030586