1090 Main St APT 401Redwood CityCA94063
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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 Redwood City at 1090 Main St APT 401, Redwood City, CA, 94063 uses $229,971 cash to close to unlock $6,997/yr annual cash flow and $583/mo monthly cash flow. Total monthly income runs $4,907/mo, and a $3,421/mo payment keeps the spread at $583/mo. Purchase price stands at $699,000, and rental yield measures 8.42% with $4,907/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 119.95% and total cumulative return in cash records $275,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,907/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94063, Redwood City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,793 (100%) |
| Owner Occupied HU | 3,502 (25.4%) |
| Renter Occupied HU | 8,853 (64.2%) |
| Vacant Housing Units | 1,438 (10.4%) |
| Median Home Value | $1,224,286 |
| Average Home Value | $1,173,973 |
Housing Distribution
Address Breakdown
Residential
12,526
Single Family
6,026
Multi-Family
6,500
Businesses
2,470
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Listed by: Alex Lehr • Guide Real Estate
Mls Name: MLSListings Inc
Mls ID: #ML82022749