If it rents out for 2000 a month and the renter stays on, why buy it?Seriously, if it rents out for under 2000 and ignoring the renovation, you're getting 24,000 a year max return on a nearly one million dollar investment. That means you're making 2.4% return on the investment. Why would anybody pay that? Even assuming you could rent it for 3000, you still shouldn't pay more that about 460,000 -500,000 for that kind of income stream. (Remember, repairs, taxes, etc.) Question refers to 1914 Bishop Rd, Belmont, CA 94002June 06 200700YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.