847 W Spain St APT 6SonomaCA95476
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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 Sonoma at 847 W Spain St APT 6, Sonoma, CA, 95476 offers a 10.55% rental yield on a $699,999 purchase with $6,155/mo rent. Total monthly income registers $6,155/mo, and a $3,426/mo payment leaves $1,196/mo available for distribution. Annual cash flow reaches $14,351/yr on $230,300 to close, and return on cash invested stands at 26.29% in year one. Equity gained on principal adds $4,517/yr while 5% annual appreciation supports $193,397 over five years. Portfolio math shows five-year ROI at 138.21% and total cumulative return in cash at $318,291. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,155/mo property income against a $3,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
1,681 sqft lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95476, Sonoma, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,507 (100%) |
| Owner Occupied HU | 9,082 (55.0%) |
| Renter Occupied HU | 5,536 (33.5%) |
| Vacant Housing Units | 1,889 (11.4%) |
| Median Home Value | $938,157 |
| Average Home Value | $1,126,483 |
Housing Distribution
Address Breakdown
Residential
15,506
Single Family
14,519
Multi-Family
987
Businesses
1,816
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Listed by: Marybeth Williams • Sotheby's International Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #324016086
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.