29 Baytree WaySan MateoCA94402
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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 29 Baytree Way, San Mateo, CA, 94402 priced at $1,998,000 converts $4,231/mo rent into after a $9,779/mo obligation. Total monthly income equals $4,231/mo. Return on cash invested prints 5.3% in year one, and rental yield reads 2.54% against a $1,998,000 entry. Equity gained on principal adds $12,893/yr, while 5% annual appreciation compiles into $552,011 by year five. Five-year ROI reaches 24.41% and total cumulative return in cash sums $158,007. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,231/mo property income covering a $9,779/mo payment, not borrower’s personal income.
Condo
Built in 1950
7,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94402, San Mateo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,423 (100%) |
| Owner Occupied HU | 6,188 (54.2%) |
| Renter Occupied HU | 4,581 (40.1%) |
| Vacant Housing Units | 654 ( 5.7%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,853,864 |
Housing Distribution
Address Breakdown
Residential
10,477
Single Family
7,593
Multi-Family
2,884
Businesses
1,266
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Listed by: Mike Bohnert • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML82009006
Disclaimer: Based on information from the MLSListings MLS as of 2025-05-30 10:21:32 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.