2504 Hastings AveRedwood CityCA94061
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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 2504 Hastings Ave, Redwood City, CA, 94061 offers a 3.72% rental yield on a $1,789,000 purchase with $5,549/mo rent. 95% in year one. Equity gained on principal adds $11,544/yr while 5% annual appreciation supports $494,268 over five years. Portfolio math shows five-year ROI at 43.96% and total cumulative return in cash at $254,786. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,549/mo property income against a $8,756/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
5,965 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94061, Redwood City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,257 (100%) |
| Owner Occupied HU | 6,693 (46.9%) |
| Renter Occupied HU | 6,771 (47.5%) |
| Vacant Housing Units | 793 ( 5.6%) |
| Median Home Value | $1,845,411 |
| Average Home Value | $1,757,510 |
Housing Distribution
Address Breakdown
Residential
14,127
Single Family
10,108
Multi-Family
4,019
Businesses
462
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Listed by: Mary Molinari • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82026256