1115 State StSan MateoCA94401
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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
Rental property for sale in San Mateo at 1115 State St, San Mateo, CA, 94401 priced at $1,398,000 converts $7,199/mo rent into after a $6,843/mo obligation. Total monthly income equals $7,199/mo. Return on cash invested prints 16.53% in year one, and rental yield reads 6.18% against a $1,398,000 entry. Equity gained on principal adds $9,021/yr, while 5% annual appreciation compiles into $386,242 by year five. Five-year ROI reaches 84.62% and total cumulative return in cash sums $383,295. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,199/mo property income covering a $6,843/mo payment, not borrower’s personal income.
Multi Family
Built in 1952
5,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94401, San Mateo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,445 (100%) |
| Owner Occupied HU | 5,284 (39.3%) |
| Renter Occupied HU | 7,313 (54.4%) |
| Vacant Housing Units | 848 ( 6.3%) |
| Median Home Value | $1,290,449 |
| Average Home Value | $1,349,689 |
Housing Distribution
Address Breakdown
Residential
13,397
Single Family
5,899
Multi-Family
7,498
Businesses
1,487
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Listed by: Ken Constantino • Compass
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81977261
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-27 05:39:34 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.