115 Hobart Ave APT ESan MateoCA94402
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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 115 Hobart Ave APT E, San Mateo, CA, 94402 priced at $989,989 converts $3,954/mo rent into after a $4,846/mo obligation. Total monthly income equals $3,954/mo. Return on cash invested prints 12.06% in year one, and rental yield reads 4.79% against a $989,989 entry. Equity gained on principal adds $6,388/yr, while 5% annual appreciation compiles into $273,516 by year five. Five-year ROI reaches 60.73% and total cumulative return in cash sums $197,812. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,954/mo property income covering a $4,846/mo payment, not borrower’s personal income.
Townhouse
Built in 1979
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94402, San Mateo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,423 (100%) |
| Owner Occupied HU | 6,188 (54.2%) |
| Renter Occupied HU | 4,581 (40.1%) |
| Vacant Housing Units | 654 ( 5.7%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,853,864 |
Housing Distribution
Address Breakdown
Residential
10,477
Single Family
7,593
Multi-Family
2,884
Businesses
1,266
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Listed by: Sante Sandhu • Luxe Real Estate
Mls Name: CCAR
Mls ID: #41118995