2800 Devonshire Avenue, Redwood City, CA 94063
1 bedroom 1 bed
1 bathroom 1 bath
1140 sq feet 1140 sq feet

Ali Talab

Alliance Bay Realty
3600 sq. ft

2 units with 2 different addresses: 1..2800 Devonshire Ave and 2..140 Dumbarton Ave on the same parcel. ---Great Location, Borderline Atherton and only 5 miles away to Stanford ( Shopping Center and University).------BUY AS AN OWNER OCCUPIED: With 20% Down payment, PITI = $4396/month ( - Rental Income 2115) = $2281 / month. The Rental Unit will pay for almost 50% of your Monthly mortgage payment . Your Net Cost of Living in the property = $1034 /month.---------BUY AS AN INVESTOR: 25% Down payment , Total rental Income = $ 2300 + $2115 = $4415. Your PITI = $4454 and start building $2000 / month equity immediately. + appreciation value in the life time of the loan. ACT NOW. IT'S A NO BRAINER.

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Listing courtesy of Ali Talab, (MLSL3-01299916), [Alliance Bay Realty].

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