626 Mariners Island Blvd APT 206San MateoCA94404
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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 San Mateo at 626 Mariners Island Blvd APT 206, San Mateo, CA, 94404 offers a 6.85% rental yield on a $588,000 purchase with $3,355/mo rent. 31% in year one. Equity gained on principal adds $3,794/yr while 5% annual appreciation supports $162,454 over five years. Portfolio math shows five-year ROI at 94.23% and total cumulative return in cash at $182,280. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,355/mo property income against a $2,878/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94404, San Mateo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,744 (100%) |
| Owner Occupied HU | 7,887 (50.1%) |
| Renter Occupied HU | 7,029 (44.6%) |
| Vacant Housing Units | 828 ( 5.3%) |
| Median Home Value | $1,706,614 |
| Average Home Value | $1,659,800 |
Housing Distribution
Address Breakdown
Residential
15,397
Single Family
10,037
Multi-Family
5,360
Businesses
793
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Listed by: Suzanne Garcia • Compass
Mls Name: MLSListings Inc
Mls ID: #ML82032250