812 Altaire WalkPalo AltoCA94303
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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 812 Altaire Walk, Palo Alto, CA, 94303 priced at $1,830,000 converts $6,437/mo rent into after a $8,957/mo obligation. Total monthly income equals $6,437/mo. Return on cash invested prints 9.46% in year one, and rental yield reads 4.22% against a $1,830,000 entry. Equity gained on principal adds $11,809/yr, while 5% annual appreciation compiles into $505,595 by year five. Five-year ROI reaches 47.06% and total cumulative return in cash sums $279,022. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,437/mo property income covering a $8,957/mo payment, not borrower’s personal income.
Townhouse
Built in 2011
N/A lot
$N/A/sqft
$509 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94303, Palo Alto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,452 (100%) |
| Owner Occupied HU | 7,276 (50.3%) |
| Renter Occupied HU | 6,372 (44.1%) |
| Vacant Housing Units | 804 ( 5.6%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,730,310 |
Housing Distribution
Address Breakdown
Residential
14,179
Single Family
10,525
Multi-Family
3,654
Businesses
1,127
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Listed by: Julie Tsai Law • Compass
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81984020
Disclaimer: Based on information from the MLSListings MLS as of 2024-10-17 22:06:36 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.