701 2nd Ave #1San MateoCA94401
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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 701 2nd Ave #1, San Mateo, CA, 94401 with 5% annual appreciation on a $1,485,000 basis while $10,793/mo rent supports operations. Total monthly income totals $10,793/mo and a $7,268/mo payment preserves $910/mo for cash returns. Annual cash flow comes to $10,920/yr on $481,140 deployed, and return on cash invested reaches 22.64% in year one. Equity gained on principal adds $9,582/yr, and five-year appreciation sums $410,278 alongside rental yield of 8.72%. Five-year ROI measures 118.02% and total cumulative return in cash totals $567,834.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $10,793/mo property income versus a $7,268/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2016
885 sqft lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94401, San Mateo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,445 (100%) |
| Owner Occupied HU | 5,284 (39.3%) |
| Renter Occupied HU | 7,313 (54.4%) |
| Vacant Housing Units | 848 ( 6.3%) |
| Median Home Value | $1,290,449 |
| Average Home Value | $1,349,689 |
Housing Distribution
Address Breakdown
Residential
13,397
Single Family
5,899
Multi-Family
7,498
Businesses
1,487
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Listed by: Justin McNabb • Keller Williams Realty Santa Cruz
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81978685
Disclaimer: Based on information from the MLSListings MLS as of 2024-09-05 00:53:24 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.