24 Pelican LnRedwood CityCA94065
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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 24 Pelican Ln, Redwood City, CA, 94065 priced at $795,000 converts $4,760/mo rent into after a $3,891/mo obligation. Total monthly income equals $4,760/mo. Return on cash invested prints 19.34% in year one, and rental yield reads 7.18% against a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation compiles into $219,644 by year five. Five-year ROI reaches 99.74% and total cumulative return in cash sums $260,878. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,760/mo property income covering a $3,891/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94065, Redwood City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,201 (100%) |
| Owner Occupied HU | 3,360 (64.6%) |
| Renter Occupied HU | 1,670 (32.1%) |
| Vacant Housing Units | 171 ( 3.3%) |
| Median Home Value | $1,898,719 |
| Average Home Value | $1,764,502 |
Housing Distribution
Address Breakdown
Residential
5,228
Single Family
3,385
Multi-Family
1,843
Businesses
284
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Listed by: Alfredo Mendoza • KW Advisors
Mls Name: MLSListings Inc
Mls ID: #ML82020699