1502 Monroe AveSan 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 1502 Monroe Ave, San Mateo, CA, 94401 priced at $1,298,000 converts $5,269/mo rent into after a $6,353/mo obligation. Total monthly income equals $5,269/mo. Return on cash invested prints 12.49% in year one, and rental yield reads 4.87% against a $1,298,000 entry. Equity gained on principal adds $8,376/yr, while 5% annual appreciation compiles into $358,613 by year five. Five-year ROI reaches 62.97% and total cumulative return in cash sums $264,827. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,269/mo property income covering a $6,353/mo payment, not borrower’s personal income.
Single Family
Built in 1947
5,500 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: Andrew Lomano • Living Estates Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81998125
Disclaimer: Based on information from the MLSListings MLS as of 2025-03-17 10:17:54 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.