415 Locust DrBolinasCA94924
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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 Bolinas at 415 Locust Dr, Bolinas, CA, 94924 at $1,485,000 posts ROI 18.02% with from $8,243/mo rent. Total monthly income equals $8,243/mo. Return on cash invested measures 18.02% and rental yield reads 6.66% at the current $1,485,000. Equity gained on principal adds $9,582/yr, and 5% annual appreciation supports $410,278 by year five. Five-year ROI prints 92.59% and total cumulative return in cash totals $445,506. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $8,243/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1971
3,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94924, Bolinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 886 (100%) |
| Owner Occupied HU | 373 (42.1%) |
| Renter Occupied HU | 282 (31.8%) |
| Vacant Housing Units | 231 (26.1%) |
| Median Home Value | $1,865,741 |
| Average Home Value | $1,721,850 |
Housing Distribution
Address Breakdown
Residential
90
Single Family
90
Multi-Family
0
Businesses
54
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Listed by: B.G. Bates • Golden Gate Sotheby's
Mls Name: BAREIS
Mls Provider:
Mls ID: #324068072
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.