362 Larkspur Plaza DriveLarkspurCA94939
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThis Larkspur rental at 362 Larkspur Plaza Drive, Larkspur, CA, 94939 sits in the solid-income band: 7.95% gross yield, $4,366/mo rent, $289/mo net after the $2,963/mo debt service, DSCR 1.47. Entry price of $659,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $182,070 and $6,069/yr in principal reduction bring total cumulative return to $268,514.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 5.2% |
| Monthly Cash Flow | $289 | $1,500 |
City averages based on Larkspur market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,366 |
| Total Monthly Debt Service | $3,814 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1972
945.25 sqft lot
$N/A/sqft
No 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
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
Condo
Built in 1972
945.25 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Carapiet • Compass
Mls Name: BAREIS
Mls ID: #325081683