950 Shorepoint Ct APT 107AlamedaCA94501
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 950 Shorepoint Ct APT 107, Alameda, CA, 94501 in Alameda speaks for itself: 11.55% gross on a $445,000 price, generating $4,284/mo in rent and $1,047/mo in net income after the $2,001/mo debt service. DSCR 2.14, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $12,560 stacks alongside $122,945 in projected five-year appreciation and $4,098/yr in principal reduction. Projected total cumulative return: $238,202.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 5.5% |
| Monthly Cash Flow | $1,047 | $250 |
City averages based on Alameda market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,284 |
| Total Monthly Debt Service | $3,060 |
| DSCR Ratio | 1.40x |
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.
Condo
Built in 1972
3.07 Acres lot
$N/A/sqft
$440 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94501, Alameda, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,448 (100%) |
| Owner Occupied HU | 11,332 (38.5%) |
| Renter Occupied HU | 15,712 (53.4%) |
| Vacant Housing Units | 2,404 ( 8.2%) |
| Median Home Value | $1,391,181 |
| Average Home Value | $1,407,626 |
Housing Distribution
Address Breakdown
Residential
28,552
Single Family
16,985
Multi-Family
11,567
Businesses
2,354
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
Condo
Built in 1972
3.07 Acres lot
$N/A/sqft
$440 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94501, Alameda, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,448 (100%) |
| Owner Occupied HU | 11,332 (38.5%) |
| Renter Occupied HU | 15,712 (53.4%) |
| Vacant Housing Units | 2,404 ( 8.2%) |
| Median Home Value | $1,391,181 |
| Average Home Value | $1,407,626 |
Housing Distribution
Address Breakdown
Residential
28,552
Single Family
16,985
Multi-Family
11,567
Businesses
2,354
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices