978 Shoal DrSan 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
Rental property for sale in San Mateo at 978 Shoal Dr, San Mateo, CA, 94404 priced at $1,595,000 pairs $6,310/mo rent with after a $7,807/mo payment. Total monthly income equals $6,310/mo. Return on cash invested is 10.97% in year one, and rental yield stands at 4.75% on a $1,595,000 basis. Equity gained on principal adds $10,292/yr, and 5% annual appreciation accumulates to $440,669 by year five. Five-year ROI measures 55.24% and total cumulative return in cash reaches $285,449. For financing, Ziffy Mortgage’s DSCR program evaluates $6,310/mo property income against a $7,807/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
2,178 sqft lot
$N/A/sqft
$170 monthly 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: Michael Hatfield • RE/MAX Accord
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41092787
Disclaimer: Bay East 2025. CCAR 2025. bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2025-04-10 10:20:43 PDT.