329 Richardson WayMill 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
Rental property for sale in Mill Valley at 329 Richardson Way, Mill Valley, CA, 94941 generates $5,944/mo in rent, after a $6,852/mo payment. Total monthly income is $5,944/mo. Return on cash invested sits at 13.18% in year one, and rental yield is 5.1% on a $1,399,950 entry. Equity gained on principal adds $9,034/yr, while 5% annual appreciation builds toward $386,780 over five years. Five-year ROI reaches 66.67% and total cumulative return in cash sums $302,416. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,944/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,300 sqft 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: Alana Lam • Intero Real Estate Services
Mls Name: MLSListings Inc
Mls ID: #ML82014072