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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Inverness at 0 Drake Way, Inverness, CA, 94937 offers $5,345/mo rent that, after a $2,442/mo payment, leaves $2,258/mo cash flow. Total monthly income is $5,345/mo, and annual cash flow is $27,101/yr on $165,419 cash. Return on cash invested measures 36.29% in year one, and rental yield stands at 12.85% at a $499,000 entry. Equity gained on principal adds $3,220/yr while 5% annual appreciation compounds into $137,865 by year five. Five-year ROI records 190.71% and total cumulative return in cash reaches $315,462. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,345/mo property income versus a $2,442/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 94937, Inverness, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 876 (100%) |
| Owner Occupied HU | 332 (37.9%) |
| Renter Occupied HU | 202 (23.1%) |
| Vacant Housing Units | 342 (39.0%) |
| Median Home Value | $1,795,082 |
| Average Home Value | $1,674,036 |
Residential
42
Single Family
42
Multi-Family
0
Businesses
30
Date | Event | Price |
|---|---|---|
| 2024-08-19 | Listed for sale | $499,000 |
| 2019-04-03 | Sold | $430,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar price properties found nearby.
Listed by: Faber Real Estate Team • Compass
Mls Name: BAREIS
Mls Provider:
Mls ID: #324064787
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.
