620 Iris StRedwood CityCA94061
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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 Redwood City at 620 Iris St, Redwood City, CA, 94061 projects strong ROI of 7.27%. Rental yield 3.18%. With 5% annual appreciation, the property builds $687,389 in value over five years. Equity growth combined delivers a projected five-year ROI of 34.98%, translating into $282,003 in total cumulative return on $806,112 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1924
8,057 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94061, Redwood City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,257 (100%) |
| Owner Occupied HU | 6,693 (46.9%) |
| Renter Occupied HU | 6,771 (47.5%) |
| Vacant Housing Units | 793 ( 5.6%) |
| Median Home Value | $1,845,411 |
| Average Home Value | $1,757,510 |
Housing Distribution
Address Breakdown
Residential
14,127
Single Family
10,108
Multi-Family
4,019
Businesses
462
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Listed by: Selena Young • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82021894