960 Shorepoint Ct APT 114AlamedaCA94501
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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 Alameda at 960 Shorepoint Ct APT 114, Alameda, CA, 94501 listed at $448,000 pairs $4,362/mo rent with a $2,193/mo payment to leave $821/mo cash flow. Total monthly income runs $4,362/mo, and annual cash flow reaches $9,848/yr on $148,512 cash to close. Return on cash invested measures 26.54% in year one, and rental yield registers 11.68% at a $448,000 basis. Equity gained on principal adds $2,891/yr, and annual property appreciation at 5% supports $123,774 by year five. Five-year ROI tracks 140.65% and total cumulative return in cash totals $208,886. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,362/mo property income relative to a $2,193/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
798 sqft 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
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Listed by: Xinyi Chen • BQ Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81972001
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 15:26:57 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.