950 Vernal AveMill 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 950 Vernal Ave, Mill Valley, CA, 94941 offers $12,847/mo rent that, after a $9,765/mo payment, leaves $166/mo cash flow. Total monthly income is $12,847/mo, and annual cash flow is $1,992/yr on $646,380 cash. Return on cash invested measures 20.68% in year one, and rental yield stands at 7.73% at a $1,995,000 entry. Equity gained on principal adds $12,873/yr while 5% annual appreciation compounds into $551,182 by year five. Five-year ROI records 107.09% and total cumulative return in cash reaches $692,193. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $12,847/mo property income versus a $9,765/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
5,998 sqft lot
$N/A/sqft
No 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: Lisa Smith • Engel & Volkers
Mls Name: BAREIS
Mls Provider:
Mls ID: #324069262
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.