66 De Silva Island DrMill 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 66 De Silva Island Dr, Mill Valley, CA, 94941 priced at $1,825,000 converts $8,047/mo rent into after a $8,932/mo obligation. Total monthly income equals $8,047/mo. Return on cash invested prints 8.64% in year one, and rental yield reads 5.29% against a $1,825,000 entry. Equity gained on principal adds $11,776/yr, while 5% annual appreciation compiles into $504,214 by year five. Five-year ROI reaches 44.17% and total cumulative return in cash sums $261,180. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,047/mo property income covering a $8,932/mo payment, not borrower’s personal income.
Condo
Built in 2001
915 sqft lot
$N/A/sqft
$1,868 monthly 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: Dennis R. Otto • Compass
Mls Name: SFAR
Mls Provider:
Mls ID: #324073967
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.