3295 La Mesa Dr APT 7San CarlosCA94070
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 3295 La Mesa Dr APT 7, San Carlos, CA, 94070 in San Carlos is a conservative rental investment at $658,000. Rental yield 7.32%. A 1.36 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $181,793; $6,060/yr in principal paydown supplements. Total projected return: $245,962.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 7.0% |
| Monthly Cash Flow | $(55) | $1,800 |
City averages based on San Carlos market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,015 |
| Total Monthly Debt Service | $3,809 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94070, San Carlos, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 8,540 (67.9%) |
| Renter Occupied HU | 3,549 (28.2%) |
| Vacant Housing Units | 497 ( 3.9%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,849,212 |
Housing Distribution
Address Breakdown
Residential
12,507
Single Family
9,424
Multi-Family
3,083
Businesses
2,179
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94070, San Carlos, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 8,540 (67.9%) |
| Renter Occupied HU | 3,549 (28.2%) |
| Vacant Housing Units | 497 ( 3.9%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,849,212 |
Housing Distribution
Address Breakdown
Residential
12,507
Single Family
9,424
Multi-Family
3,083
Businesses
2,179
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Cottonaro • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82023410