3015 E Bayshore Rd SPACE 169Redwood CityCA94063
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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 3015 E Bayshore Rd SPACE 169, Redwood City, CA, 94063 offers a 8.4% rental yield on a $278,000 purchase with $1,946/mo rent. Total monthly income registers $1,946/mo, and a $1,361/mo payment leaves $226/mo available for distribution. Annual cash flow reaches $2,711/yr on $92,157 to close, and return on cash invested stands at 22.85% in year one. Equity gained on principal adds $1,794/yr while 5% annual appreciation supports $76,806 over five years. Portfolio math shows five-year ROI at 118.62% and total cumulative return in cash at $109,313. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,946/mo property income against a $1,361/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94063, Redwood City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,793 (100%) |
| Owner Occupied HU | 3,502 (25.4%) |
| Renter Occupied HU | 8,853 (64.2%) |
| Vacant Housing Units | 1,438 (10.4%) |
| Median Home Value | $1,224,286 |
| Average Home Value | $1,173,973 |
Housing Distribution
Address Breakdown
Residential
12,526
Single Family
6,026
Multi-Family
6,500
Businesses
2,470
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Listed by: Roger Perez • Corcoran Icon Properties
Mls Name: MLSListings Inc
Mls ID: #ML82007733