3550 Carter Dr APT 46South San FranciscoCA94080
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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 South San Francisco at 3550 Carter Dr APT 46, South San Francisco, CA, 94080 offers a 11.85% rental yield on a $788,000 purchase with $7,782/mo rent. Total monthly income registers $7,782/mo, and a $3,857/mo payment leaves $2,137/mo available for distribution. Annual cash flow reaches $25,646/yr on $259,252 to close, and return on cash invested stands at 29.95% in year one. Equity gained on principal adds $5,085/yr while 5% annual appreciation supports $217,710 over five years. Portfolio math shows five-year ROI at 157.96% and total cumulative return in cash at $409,520. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,782/mo property income against a $3,857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$770 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 94080, South San Francisco, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,422 (100%) |
| Owner Occupied HU | 12,477 (53.3%) |
| Renter Occupied HU | 9,823 (41.9%) |
| Vacant Housing Units | 1,122 ( 4.8%) |
| Median Home Value | $1,212,776 |
| Average Home Value | $1,244,857 |
Housing Distribution
Address Breakdown
Residential
22,652
Single Family
16,667
Multi-Family
5,985
Businesses
2,464
Price History
Date | Event | Price |
|---|---|---|
| 2024-07-25 | Listed for sale | $788,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $2143.06 | 6.31% | $198,448 | 2.00% |
| 2022-08-16 | $2015.84 | 1.32% | $194,558 | 2.00% |
| 2021-08-16 | $1989.64 | 1.20% | $190,744 | 1.04% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1979
- Architectural Style: N/A
- Building Area: 1,644
- Living Area: 1,644 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central Forced Air
- Cooling: None
- Flooring: Vinyl Linoleum
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Detached, On Street
Location
- City: South San Francisco
- State: CA
- Subdivision: N/A
- Lot Size: N/A
- Lot Features: N/A
- View: Ocean
HOA & Fees
- HOA Fee: $770 monthly
- Association Fee: $770 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Public Utilities
- Sewer: Public Sewer
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Heather Hansen • Compass
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81974488
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 23:02:46 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.