979 Newcastle WayPittsburgCA94565
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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 Pittsburg at 979 Newcastle Way, Pittsburg, CA, 94565 offers a 8.36% rental yield on a $540,000 purchase with $3,764/mo rent. Total monthly income registers $3,764/mo, and a $2,643/mo payment leaves $424/mo available for distribution. Annual cash flow reaches $5,082/yr on $177,660 to close, and return on cash invested stands at 22.92% in year one. Equity gained on principal adds $3,485/yr while 5% annual appreciation supports $149,192 over five years. Portfolio math shows five-year ROI at 118.96% and total cumulative return in cash at $211,346. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,764/mo property income against a $2,643/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94565, Pittsburg, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,781 (100%) |
| Owner Occupied HU | 17,563 (55.3%) |
| Renter Occupied HU | 13,096 (41.2%) |
| Vacant Housing Units | 1,122 ( 3.5%) |
| Median Home Value | $597,549 |
| Average Home Value | $644,907 |
Housing Distribution
Address Breakdown
Residential
31,108
Single Family
27,251
Multi-Family
3,857
Businesses
1,353
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Listed by: Stephanie Layman • Bloom Real Estate Group
Mls Name: Bay East AOR
Mls ID: #41106283