715 Drake AveSausalitoCA94965
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 715 Drake Ave, Sausalito, CA, 94965 in Sausalito clears it at 1.56, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.43%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $101,533; $3,385/yr in principal equity; total projected return: $159,209.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 5.0% |
| Monthly Cash Flow | $(433) | $2,500 |
City averages based on Sausalito market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,582 |
| Total Monthly Debt Service | $2,127 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joubert Caston • eXp Realty of Northern California, Inc.
Mls Name: MetroList Services of CA
Mls ID: #326012465