59 Cove LnRedwood 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 59 Cove Ln, Redwood City, CA, 94065 priced at $1,099,888 pairs $5,172/mo rent with after a $5,383/mo payment. Total monthly income equals $5,172/mo. Return on cash invested is 14.88% in year one, and rental yield stands at 5.64% on a $1,099,888 basis. Equity gained on principal adds $7,097/yr, and 5% annual appreciation accumulates to $303,879 by year five. Five-year ROI measures 75.75% and total cumulative return in cash reaches $269,948. For financing, Ziffy Mortgage’s DSCR program evaluates $5,172/mo property income against a $5,383/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1983
N/A 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: Elmer G Martinez • Goodwin Real Estate, Inc
Mls Name: MLSListings Inc
Mls ID: #ML82014499