3226 Shelter Bay AveMill ValleyCA94941
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Mill Valley at 3226 Shelter Bay Ave, Mill Valley, CA, 94941 priced at $840,000 converts $8,033/mo rent into $1,424/mo cash flow after a $4,111/mo obligation. Total monthly income equals $8,033/mo, and annual cash flow totals $17,086/yr on $276,360 invested. Return on cash invested prints 26.24% in year one, and rental yield reads 11.48% against a $840,000 entry. Equity gained on principal adds $5,420/yr, while 5% annual appreciation compiles into $232,077 by year five. Five-year ROI reaches 138.98% and total cumulative return in cash sums $384,098. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,033/mo property income covering a $4,111/mo payment, not borrower’s personal income.
Condo
Built in 1965
2,801 sqft lot
$N/A/sqft
$1,129 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nader Kazemi • Compass
Mls Name: SFAR
Mls Provider:
Mls ID: #324028079
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.