320 Elm St APT 210San MateoCA94401
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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 320 Elm St APT 210, San Mateo, CA, 94401 priced at $925,000 pairs $7,086/mo rent with $814/mo cash flow after a $4,527/mo payment. Total monthly income equals $7,086/mo, and annual cash flow comes to $9,770/yr on $304,325 invested. Return on cash invested is 23.27% in year one, and rental yield stands at 9.19% on a $925,000 basis. Equity gained on principal adds $5,969/yr, and 5% annual appreciation accumulates to $255,560 by year five. Five-year ROI measures 121.62% and total cumulative return in cash reaches $370,129. For financing, Ziffy Mortgage’s DSCR program evaluates $7,086/mo property income against a $4,527/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1982
0.83 Acres lot
$N/A/sqft
$550 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94401, San Mateo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,445 (100%) |
| Owner Occupied HU | 5,284 (39.3%) |
| Renter Occupied HU | 7,313 (54.4%) |
| Vacant Housing Units | 848 ( 6.3%) |
| Median Home Value | $1,290,449 |
| Average Home Value | $1,349,689 |
Housing Distribution
Address Breakdown
Residential
13,397
Single Family
5,899
Multi-Family
7,498
Businesses
1,487
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Listed by: Simin Hashemi • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81974034
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-14 23:47:42 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.