902 Peninsula Ave APT 203San 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 902 Peninsula Ave APT 203, San Mateo, CA, 94401 listed at $489,500 pairs $3,966/mo rent with a $2,396/mo payment to leave $499/mo cash flow. Total monthly income runs $3,966/mo, and annual cash flow reaches $5,984/yr on $162,269 cash to close. Return on cash invested measures 23.6% in year one, and rental yield registers 9.72% at a $489,500 basis. Equity gained on principal adds $3,159/yr, and annual property appreciation at 5% supports $135,240 by year five. Five-year ROI tracks 123.79% and total cumulative return in cash totals $200,867. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,966/mo property income relative to a $2,396/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1965
25.59 Acres lot
$N/A/sqft
$437 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: Lou Realyvasquez • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81973936
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-14 23:47:42 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.