161 Ware RdRedwood CityCA94062
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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 161 Ware Rd, Redwood City, CA, 94062 offers a 8.16% rental yield on a $1,868,000 purchase with $12,703/mo rent. Total monthly income registers $12,703/mo, and a $9,143/mo payment leaves $820/mo available for distribution. Annual cash flow reaches $9,843/yr on $605,232 to close, and return on cash invested stands at 22% in year one. Equity gained on principal adds $12,054/yr while 5% annual appreciation supports $516,094 over five years. Portfolio math shows five-year ROI at 114.17% and total cumulative return in cash at $690,996. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $12,703/mo property income against a $9,143/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
2.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94062, Redwood City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,468 (100%) |
| Owner Occupied HU | 7,167 (68.5%) |
| Renter Occupied HU | 2,645 (25.3%) |
| Vacant Housing Units | 656 ( 6.3%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,916,222 |
Housing Distribution
Address Breakdown
Residential
10,312
Single Family
9,246
Multi-Family
1,066
Businesses
563
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Listed by: Stanley Lo • Green Banker Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81966261
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 22:32:28 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.