1951 Ofarrell St APT 404San MateoCA94403
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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
Total monthly income runs $5,188/mo, and a $5,815/mo payment. Purchase price stands at $1,188,000, and rental yield measures 5.24% with $5,188/mo rent. Return on cash invested shows 13.63% in year one, and 5% annual appreciation builds toward $328,223 over five years. Five-year ROI reaches 69.08% and total cumulative return in cash records $265,896. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,188/mo property income covering a $5,815/mo payment rather than investor’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94403, San Mateo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,063 (100%) |
| Owner Occupied HU | 9,115 (50.5%) |
| Renter Occupied HU | 8,169 (45.2%) |
| Vacant Housing Units | 779 ( 4.3%) |
| Median Home Value | $1,780,439 |
| Average Home Value | $1,705,852 |
Housing Distribution
Address Breakdown
Residential
17,939
Single Family
11,963
Multi-Family
5,976
Businesses
1,296
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Listed by: Lizzie Dombrowski • Intero Real Estate Services
Mls Name: MLSListings Inc
Mls ID: #ML82029616