217 8th Ave APT 203San 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 217 8th Ave APT 203, San Mateo, CA, 94401 generates $4,590/mo in rent, after a $4,895/mo payment. Total monthly income is $4,590/mo. Return on cash invested sits at 14.24% in year one, and rental yield is 5.51% on a $1,000,000 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation builds toward $276,282 over five years. Five-year ROI reaches 72.39% and total cumulative return in cash sums $238,168. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,590/mo property income rather than buyer’s personal income.
Condo
Built in 1981
N/A 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: Christopher Eckert • KW Advisors
Mls Name: MLSListings Inc
Mls ID: #ML82020492