473 Cork Harbour Cir APT ARedwood 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
Rental property for sale in Redwood City at 473 Cork Harbour Cir APT A, Redwood City, CA, 94065 offers $3,799/mo rent that, after a $3,402/mo payment. Total monthly income is $3,799/mo. Return on cash invested measures 17.43% in year one, and rental yield stands at 6.56% at a $695,000 entry. Equity gained on principal adds $4,485/yr while 5% annual appreciation compounds into $192,016 by year five. Five-year ROI records 89.53% and total cumulative return in cash reaches $204,726. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,799/mo property income versus a $3,402/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1985
10.14 Acres 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: Mike Kavanaugh • Town & Country Realty
Mls Name: CCAR
Mls ID: #41118512