848 Magellan LnFoster CityCA94404
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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 Foster City at 848 Magellan Ln, Foster City, CA, 94404 offers $7,386/mo rent that, after a $8,076/mo payment. Total monthly income is $7,386/mo. Return on cash invested measures 14.04% in year one, and rental yield stands at 5.37% at a $1,650,000 entry. Equity gained on principal adds $10,647/yr while 5% annual appreciation compounds into $455,865 by year five. Five-year ROI records 71.25% and total cumulative return in cash reaches $380,909. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,386/mo property income versus a $8,076/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1974
1,949 sqft 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: Greg Damelio • Christie's International Real Estate Sereno
Mls Name: MLSListings Inc
Mls ID: #ML82020515