360 Larkspur Plaza DrLarkspurCA94939
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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 Larkspur at 360 Larkspur Plaza Dr, Larkspur, CA, 94939 priced at $485,000 converts $4,818/mo rent into $565/mo cash flow after a $2,374/mo obligation. Total monthly income equals $4,818/mo, and annual cash flow totals $6,777/yr on $160,778 invested. Return on cash invested prints 24.12% in year one, and rental yield reads 11.92% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 128.83% and total cumulative return in cash sums $207,134. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,818/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Condo
Built in 1973
719 sqft lot
$N/A/sqft
$786 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94939, Larkspur, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,732 (100%) |
| Owner Occupied HU | 1,904 (51.0%) |
| Renter Occupied HU | 1,568 (42.0%) |
| Vacant Housing Units | 260 ( 7.0%) |
| Median Home Value | $1,912,162 |
| Average Home Value | $1,769,262 |
Housing Distribution
Address Breakdown
Residential
3,595
Single Family
2,143
Multi-Family
1,452
Businesses
438
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Listed by: Taylor Porter • Journey Real Estate
Mls Name: BAREIS
Mls Provider:
Mls ID: #324034531
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.