840 7th StRichmondCA94801
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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
Investment property for sale in Richmond at 840 7th St, Richmond, CA, 94801 offers a 9.29% rental yield on a $399,995 purchase with $3,096/mo rent. Total monthly income registers $3,096/mo, and a $1,958/mo payment leaves $621/mo available for distribution. Annual cash flow reaches $7,456/yr on $132,598 to close, and return on cash invested stands at 25.53% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,511 over five years. Portfolio math shows five-year ROI at 133.02% and total cumulative return in cash at $176,378. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,096/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
3,920 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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Listed by: Wayne Carroll • Twin Oaks Real Estate
Mls Name: CCAR
Mls ID: #41119626