505 Summit DrRedwood CityCA94062
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
Investment Highlights
Rental property for sale in Redwood City at 505 Summit Dr, Redwood City, CA, 94062 offers $5,134/mo rent that, after a $8,560/mo payment. Total monthly income is $5,134/mo. Return on cash invested measures 8.33% in year one, and rental yield stands at 3.52% at a $1,749,000 entry. Equity gained on principal adds $11,286/yr while 5% annual appreciation compounds into $483,216 by year five. Five-year ROI records 40.65% and total cumulative return in cash reaches $230,347. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,134/mo property income versus a $8,560/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94062, Redwood City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,468 (100%) |
| Owner Occupied HU | 7,167 (68.5%) |
| Renter Occupied HU | 2,645 (25.3%) |
| Vacant Housing Units | 656 ( 6.3%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,916,222 |
Housing Distribution
Address Breakdown
Residential
10,312
Single Family
9,246
Multi-Family
1,066
Businesses
563
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Nelson • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82021044