3040 Hoover StRedwood 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 3040 Hoover St, Redwood City, CA, 94063 earns from $5,257/mo rent with a $8,223/mo payment. Total monthly income totals $5,257/mo. ROI tracks 9.05% on current figures, and rental yield reads 3.75% at a $1,680,000 purchase. Equity gained on principal adds $10,841/yr, and 5% annual appreciation supports $464,153 over five years. Five-year ROI reaches 44.49% and total cumulative return in cash sums $242,164. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,257/mo property income instead of your personal income.
Single Family
Built in 1936
6,000 sqft 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: Kevin Do • Sequoia Real Estate
Mls Name: MLSListings Inc
Mls ID: #ML82012795