1698 Cordilleras 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
Rental property for sale in Redwood City at 1698 Cordilleras Rd, Redwood City, CA, 94062 generates $5,818/mo in rent, after a $9,779/mo payment. Total monthly income is $5,818/mo. Return on cash invested sits at 8.24% in year one, and rental yield is 3.49% on a $1,998,000 entry. Equity gained on principal adds $12,893/yr, while 5% annual appreciation builds toward $552,011 over five years. Five-year ROI reaches 40.19% and total cumulative return in cash sums $260,139. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,818/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
0.55 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: John Shroyer • Golden Gate Sotheby's International Realty
Mls Name: MLSListings Inc
Mls ID: #ML82032216