118 Lomita DrMill ValleyCA94941
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mill Valley at 118 Lomita Dr, Mill Valley, CA, 94941 offers a 10.03% rental yield on a $1,795,000 purchase with $15,000/mo rent. Total monthly income registers $15,000/mo, and a $8,786/mo payment leaves $3,895/mo available for distribution. Annual cash flow reaches $46,745/yr on $581,580 to close, and return on cash invested stands at 28.41% in year one. Equity gained on principal adds $11,583/yr while 5% annual appreciation supports $495,925 over five years. Portfolio math shows five-year ROI at 148.31% and total cumulative return in cash at $862,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $15,000/mo property income against a $8,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94941, Mill Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,877 (100%) |
| Owner Occupied HU | 8,570 (61.8%) |
| Renter Occupied HU | 4,253 (30.6%) |
| Vacant Housing Units | 1,054 ( 7.6%) |
| Median Home Value | $1,915,531 |
| Average Home Value | $1,784,584 |
Housing Distribution
Address Breakdown
Residential
13,250
Single Family
10,899
Multi-Family
2,351
Businesses
1,106
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Listed by: Leah Johnson • City Real Estate
Mls Name: SFAR
Mls Provider:
Mls ID: #324070895
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.