940 29th StRichmondCA94804
INVESTMENT ANALYSIS
Investment Verdict
Solid Income940 29th St, Richmond, CA, 94804 in Richmond is a solid income-producing rental, 8.32% gross yield, $3,738/mo rent, $404/mo net cash flow on a $539,000 buy. DSCR 1.54 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $148,916 and $4,964/yr in principal reduction project a total cumulative return of $230,322.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.5% |
| Monthly Cash Flow | $404 | $250 |
City averages based on Richmond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,738 |
| Total Monthly Debt Service | $3,120 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1944
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94804, Richmond, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,065 (100%) |
| Owner Occupied HU | 7,694 (47.9%) |
| Renter Occupied HU | 7,578 (47.2%) |
| Vacant Housing Units | 793 ( 4.9%) |
| Median Home Value | $707,589 |
| Average Home Value | $803,285 |
Housing Distribution
Address Breakdown
Residential
15,528
Single Family
12,603
Multi-Family
2,925
Businesses
1,213
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1944
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94804, Richmond, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,065 (100%) |
| Owner Occupied HU | 7,694 (47.9%) |
| Renter Occupied HU | 7,578 (47.2%) |
| Vacant Housing Units | 793 ( 4.9%) |
| Median Home Value | $707,589 |
| Average Home Value | $803,285 |
Housing Distribution
Address Breakdown
Residential
15,528
Single Family
12,603
Multi-Family
2,925
Businesses
1,213
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erin McKeon • Keller Williams Realty
Mls Name: CCAR
Mls ID: #41106490