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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Inverness at 64 Drakes Summit Rd, Inverness, CA, 94937 priced at $1,650,000 pairs $9,233/mo rent with after a $8,076/mo payment. Total monthly income equals $9,233/mo. Return on cash invested is 18.18% in year one, and rental yield stands at 6.71% on a $1,650,000 basis. Equity gained on principal adds $10,647/yr, and 5% annual appreciation accumulates to $455,865 by year five. Five-year ROI measures 93.48% and total cumulative return in cash reaches $499,757. For financing, Ziffy Mortgage’s DSCR program evaluates $9,233/mo property income against a $8,076/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
1.56 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 94937, Inverness, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 876 (100%) |
| Owner Occupied HU | 332 (37.9%) |
| Renter Occupied HU | 202 (23.1%) |
| Vacant Housing Units | 342 (39.0%) |
| Median Home Value | $1,795,082 |
| Average Home Value | $1,674,036 |
Residential
42
Single Family
42
Multi-Family
0
Businesses
30
Date | Event | Price |
|---|---|---|
| 1996-07-19 | Sold | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-27 | N/A | N/A | $598,735 | 2.00% |
| 2023-08-27 | $6968.42 | 1.13% | $586,998 | 2.00% |
| 2022-08-27 | $6890.72 | 1.91% | $575,489 | 2.00% |
No similar rental properties found nearby.
No similar price properties found nearby.
Listed by: B.G. Bates • Golden Gate Sotheby's
Mls Name: BAREIS
Mls Provider:
Mls ID: #324065245
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.
