32 Cove LnRedwood CityCA94065
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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 32 Cove Ln, Redwood City, CA, 94065 offers a 5.9% rental yield on a $860,000 purchase with $4,225/mo rent. 42% in year one. Equity gained on principal adds $5,549/yr while 5% annual appreciation supports $237,602 over five years. Portfolio math shows five-year ROI at 78.72% and total cumulative return in cash at $222,737. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,225/mo property income against a $4,209/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94065, Redwood City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,201 (100%) |
| Owner Occupied HU | 3,360 (64.6%) |
| Renter Occupied HU | 1,670 (32.1%) |
| Vacant Housing Units | 171 ( 3.3%) |
| Median Home Value | $1,898,719 |
| Average Home Value | $1,764,502 |
Housing Distribution
Address Breakdown
Residential
5,228
Single Family
3,385
Multi-Family
1,843
Businesses
284
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Listed by: Pamela Tyson • Compass
Mls Name: MLSListings Inc
Mls ID: #ML82026818