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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 7 Glen Way, Inverness, CA, 94937 priced at $1,420,000 converts $9,281/mo rent into $497/mo cash flow after a $6,950/mo obligation. Total monthly income equals $9,281/mo, and annual cash flow totals $5,962/yr on $460,080 invested. Return on cash invested prints 21.67% in year one, and rental yield reads 7.84% against a $1,420,000 entry. Equity gained on principal adds $9,163/yr, while 5% annual appreciation compiles into $392,320 by year five. Five-year ROI reaches 112.16% and total cumulative return in cash sums $516,011. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,281/mo property income covering a $6,950/mo payment, not borrower’s personal income.
Single Family
Built in 1947
1.08 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 |
|---|---|---|
| 2024-05-01 | Price change | $1,420,000 |
| 2023-11-16 | Price change | $1,599,000 |
| 2023-09-24 | Price change | $1,799,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-16 | N/A | N/A | $101,899 | 2.00% |
| 2023-08-16 | $1920.82 | 1.04% | $99,901 | 2.00% |
| 2022-08-16 | $1901.04 | 1.59% | $97,943 | 2.00% |
No similar rental properties found nearby.
No similar price properties found nearby.
Listed by: Lotte And Sarah • Compass
Mls Name: BAREIS
Mls Provider:
Mls ID: #323904699
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.
