9355 Ocean Park WayNewarkCA94560
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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 Newark at 9355 Ocean Park Way, Newark, CA, 94560 generates $5,302/mo in rent, after a $6,843/mo payment. Total monthly income is $5,302/mo. Return on cash invested sits at 11.5% in year one, and rental yield is 4.55% on a $1,398,000 entry. Equity gained on principal adds $9,021/yr, while 5% annual appreciation builds toward $386,242 over five years. Five-year ROI reaches 57.67% and total cumulative return in cash sums $261,219. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,302/mo property income rather than buyer’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94560, Newark, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,425 (100%) |
| Owner Occupied HU | 11,166 (68.0%) |
| Renter Occupied HU | 4,717 (28.7%) |
| Vacant Housing Units | 542 ( 3.3%) |
| Median Home Value | $1,208,016 |
| Average Home Value | $1,253,420 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
12,213
Multi-Family
3,846
Businesses
1,596
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Listed by: Alejandra Gonzalez • Corcoran Icon Properties
Mls Name: MLSListings Inc
Mls ID: #ML82013184