1224 Norton StSan MateoCA94401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 San Mateo at 1224 Norton St, San Mateo, CA, 94401 offers a 4.42% rental yield on a $1,349,000 purchase with $4,973/mo rent. 11% in year one. Equity gained on principal adds $8,705/yr while 5% annual appreciation supports $372,704 over five years. Portfolio math shows five-year ROI at 55.56% and total cumulative return in cash at $242,847. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,973/mo property income against a $6,603/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
6,776 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alicia Duarte • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82023774