307 Carlos 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
Rental property for sale in Redwood City at 307 Carlos Ave, Redwood City, CA, 94061 generates $6,839/mo in rent, after a $7,244/mo payment. Total monthly income is $6,839/mo. Return on cash invested sits at 14.57% in year one, and rental yield is 5.55% on a $1,480,000 entry. Equity gained on principal adds $9,550/yr, while 5% annual appreciation builds toward $408,897 over five years. Five-year ROI reaches 74.13% and total cumulative return in cash sums $355,448. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,839/mo property income rather than buyer’s personal income.
Townhouse
Built in 1967
2,039 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: Lori Buecheler • Compass
Mls Name: MLSListings Inc
Mls ID: #ML82017308