1038 Ramona Ave
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Marin Elementary School
Albany Middle School
Albany High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
At an $899,000 price point with a negative monthly cash flow of over $2,200, this property represents a significant capital drain. While Albany, CA is a desirable location with strong school districts and high barriers to entry, the rental yield of approximately 3% is insufficient to cover debt service, especially at current interest rates. An investor here is purely speculating on 4% annual appreciation to offset ongoing operating losses. Given the substantial monthly carry, this asset requires a heavy cash injection and lacks the operational fundamentals to be considered a viable income-generating investment. It is not recommended for cash-flow-focused portfolios.
- • High-demand location in Albany, CA
- • Strong school district ratings
- • Potential for long-term equity growth
- • Severe negative monthly cash flow
- • Low rental yield relative to financing costs
- • High price-to-rent ratio
- • Speculative dependency on market appreciation
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-13 | Pending sale | $899,000 | $886 |
| 2026-08-06 | Listed for sale | $899,000 | $886 |
| 2021-08-17 | Sold | $1,350,000 | $1,330 |
| 2021-03-24 | Listing removed | $0 | – |
| 2017-04-16 | Listing removed | $4,500 | $4 |
| 2017-04-06 | Price change | $4,500 | $4 |
| 2017-03-13 | Listed for rent | $4,750 | $5 |
| 2017-03-09 | Sold | $1,085,000 | $1,069 |
| 2017-03-03 | Pending sale | $725,000 | $714 |
| 2017-02-15 | Listed for sale | $725,000 | $714 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $0 | $1,432,620 |
| 2024 | $21,615.76 | $1,404,540 |
| 2023 | $21,843.28 | $1,377,000 |
| 2022 | $21,072.16 | $1,350,000 |
| 2021 | $18,609.04 | $1,163,325 |
| 2020 | $18,489.9 | $1,151,401 |
| 2019 | $18,088.94 | $1,128,833 |
| 2018 | $5,690.28 | $1,106,700 |
| 2017 | $5,690.28 | $258,493 |
| 2016 | $5,428.18 | $253,425 |
| 2015 | $5,091.6 | $247,650 |
| 2014 | $5,091.6 | $242,800 |
| 2013 | $0 | $241,704 |
| 2012 | $0 | $236,965 |
| 2011 | $0 | $232,320 |
| 2010 | $0 | $230,584 |
| 2009 | $0 | $231,133 |
| 2008 | $0 | $226,601 |
| 2007 | $0 | $222,159 |
| 2006 | $0 | $217,803 |
| 2005 | $0 | $213,533 |
| 2004 | $0 | $209,348 |
| 2003 | $0 | $205,512 |
| 2002 | $0 | $201,483 |
| 2001 | $3,352.04 | $197,532 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $22,765/yr
On $206,770 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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