715 Drake AveSausalitoCA94965
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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 Sausalito at 715 Drake Ave, Sausalito, CA, 94965 offers a 8.33% rental yield on a $385,000 purchase with $2,673/mo rent. Total monthly income registers $2,673/mo, and a $1,884/mo payment leaves $292/mo available for distribution. Annual cash flow reaches $3,500/yr on $127,628 to close, and return on cash invested stands at 22.65% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 117.55% and total cumulative return in cash at $150,022. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,673/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1964
1.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94965, Sausalito, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,467 (100%) |
| Owner Occupied HU | 2,788 (43.1%) |
| Renter Occupied HU | 3,080 (47.6%) |
| Vacant Housing Units | 599 ( 9.3%) |
| Median Home Value | $1,660,069 |
| Average Home Value | $1,599,226 |
Housing Distribution
Address Breakdown
Residential
6,111
Single Family
4,028
Multi-Family
2,083
Businesses
1,057
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Listed by: Joubert Caston • eXp Realty of Northern California, Inc.
Mls Name: MetroList Services of CA
Mls ID: #325098858