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20
Rent Potential Hits $5,396 Monthly
Updated 6 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with market estimates for monthly income ranging between $4,632 and $5,211. These figures reflect the current strength of the local San Mateo apartment market for comparable two-bedroom units. Investors can expect a solid rental yield of approximately 4.54%. Given the high demand for well-located apartments in this area, this unit presents a reliable opportunity for consistent monthly cash flow and long-term stability.
More about this home
Neighborhood Assessment
San Mateo's Central Business District offers prime location perks with Aragon High (10/10 rating) just 1 mile away and Borel Middle (8/10) nearby. Walkability shines in this bustling area, close to shops and transit, though Sunnybrae Elementary lags at 2/10. Comps in the same building show steady values around $650K-$1.4M for 1-2 bed units, with this 2-bed/2-bath 1,502 sqft apartment recently selling for $1.3M—solid demand in a tech-hotspot city.[52 words] Neighborhood stability is strong, fueled by Bay Area job growth. Low environmental risks and modern 2006 build add appeal, but $636/mo HOA could squeeze rental yields (Zest ~$5.3K). It's holding value well, you know, without flashy upside yet.[38 words]
Market Activity
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Rental Income
$59K
Yield
4.5%
Year 1 Estimates
Fix-and-Flip
Modern updates offer a fantastic way to refresh a home, often helping properties sell faster with a median time on market of 181 days, compared to the neighborhood average of 351 days for typical homes. While the price per square foot sits at $874 versus the $887 baseline, these improvements create a highly desirable living space. Focusing on quality finishes can boost rental appeal to $5,396, enhancing long-term property value.
Comps
6
Buy-Rehab-Rent
The target property offers a solid post-renovation value between $1.25 million and $1.38 million. While the renovation potential appears low, the asset commands a strong monthly rental income of $5,396, providing a stable cash flow foundation. With an annual rental income of $64,758, the property delivers a 4.9% yield. This investment represents a moderate opportunity, balancing significant market value with consistent performance in a high-demand area, suitable for long-term wealth building.
Rental Income
$65K
Yield
4.9%
Year 1 Estimates, Post Typical Renovation
Estimated value
$1.3M
+2% · 5 yrs
225 9th Ave APT 309, San Mateo Investment Report: Flip & Rental Analysis · Frontflip