# 265 Waverley St · The Rent Hacker

> Underwriting record for 265 Waverley St (Peninsula): the published verdict at The Rent Hacker's defaults, plus a calculator that reruns it at your numbers.

Canonical: https://therenthacker.com/property/rh-l2ma4a/265-waverley-st/
Source: The Rent Hacker (https://therenthacker.com/). License: RSL, attribution required — https://therenthacker.com/license.xml

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Evaluated

# 265 Waverley St

At our cautious numbers, renting and putting the same money in index funds comes out ahead. It did not pass our bar.

94025 · Peninsula

Underwritten as of 2026-09-17 · record v8

**Published at our defaults:** loses to the S&P, behind by $2,912,085 · S&P breakeven 0% first-pass screen

[Run your own numbers on any building →](/calculator/)

[Open these numbers in the calculator →](/calculator/#i=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) Every slider starts at this page's inputs; change any of them and the verdict re-runs at yours.

## Property facts

Asking price

$3,600,000

Units

4

Beds / baths

8 / 6

Square feet

5,423

Year built

1956

Property type

Multi-Family

Unit count verified: 4 units, corroborated by the listing itself.

Nearby projects on our catalyst watch:

-   Palo Alto Transit Center / Caltrain · 0.7 mi · open today
-   Downtown Menlo Park / Santa Cruz Ave retail core · 0.7 mi · open today
-   Menlo Park Caltrain station (955 Alma St) · 0.8 mi · open today

## Where these numbers come from

Of the 10 inputs behind this analysis, 3 trace to evidence (our listing feed, area comps, county records); 2 are standing conventions; 3 are derived from other inputs.

-   **Purchase price**: our listing feed · corroborated
-   **Rent while you live in one unit**: derived from other inputs here · single source
-   **Rent after you move out**: derived from other inputs here · single source
-   **The rent you would pay on the never-buy path**: derived from other inputs here · single source
-   **Property tax rate**: our listing feed · single source
-   **Unit count**: our listing feed · corroborated

A standing convention is a deliberate modeling choice we apply to every deal. We flag it rather than dress it up as evidence.

## What we could not verify

-   How far these numbers could move: we run that spread only for the eight strongest properties in each ZIP, and this one was not among them. The cautious numbers above are the only ones we have for it.

 Members on a paid plan can request verification.

## Want this for an address you pick?

Every week we underwrite this metro’s 2-4 unit listings against the S&P and publish the [whole board](/board/), with the reason on every one we rejected.

[Or look up a specific San Francisco address](/lookup/)

## Want this analysis for another address?

Any San Francisco address, underwritten the same way — cautious rents, the registry, the S&P line.

[Underwrite an address →](/lookup/)

A full report like this one, for an address you pick: Underwrite an address — $79, delivered within one business day.

Record v8 · engine aafb236 · profile fha-house-hack

Next

## This is one row of the Peninsula board.

The run of September 17, 2026 put every two-to-four-unit listing in Peninsula through the same comparison. The rest of the board, losers and rejections included, is one page.

[See the Peninsula board](/board/sf-peninsula/) [Underwrite one address for $79](/lookup/#underwrite) [Take the pass, $49/mo](/checkout/?tier=pass&r=pen)

In our guide to house hacking Menlo Park: [Belle Haven / The Willows (94025)](/house-hacking/menlo-park-belle-haven-94025/) · [Peninsula guide](/house-hacking/peninsula/)