261 Pelican CtFoster CityCA94404
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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 Foster City at 261 Pelican Ct, Foster City, CA, 94404 priced at $1,780,000 pairs $6,308/mo rent with after a $8,712/mo payment. Total monthly income equals $6,308/mo. Return on cash invested is 10.58% in year one, and rental yield stands at 4.25% on a $1,780,000 basis. Equity gained on principal adds $11,486/yr, and 5% annual appreciation accumulates to $491,781 by year five. Five-year ROI measures 52.73% and total cumulative return in cash reaches $304,112. For financing, Ziffy Mortgage’s DSCR program evaluates $6,308/mo property income against a $8,712/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
5,223 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94404, San Mateo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,744 (100%) |
| Owner Occupied HU | 7,887 (50.1%) |
| Renter Occupied HU | 7,029 (44.6%) |
| Vacant Housing Units | 828 ( 5.3%) |
| Median Home Value | $1,706,614 |
| Average Home Value | $1,659,800 |
Housing Distribution
Address Breakdown
Residential
15,397
Single Family
10,037
Multi-Family
5,360
Businesses
793
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Listed by: Mary Bee • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82028401