111 Ensenada DrNovatoCA94949
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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 Novato at 111 Ensenada Dr, Novato, CA, 94949 listed at $279,900 pairs $5,748/mo rent with a $1,370/mo payment to leave $4,016/mo cash flow. Total monthly income runs $5,748/mo, and annual cash flow reaches $48,198/yr on $92,787 cash to close. Return on cash invested measures 71.85% in year one, and rental yield registers 24.64% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 381.4% and total cumulative return in cash totals $353,893. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,748/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94949, Novato, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,048 (100%) |
| Owner Occupied HU | 4,454 (63.2%) |
| Renter Occupied HU | 2,232 (31.7%) |
| Vacant Housing Units | 362 ( 5.1%) |
| Median Home Value | $1,084,906 |
| Average Home Value | $1,131,264 |
Housing Distribution
Address Breakdown
Residential
7,438
Single Family
6,628
Multi-Family
810
Businesses
847
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Listed by: Stacy A Lynch • Marin's Finest
Mls Name: BAREIS
Mls Provider:
Mls ID: #324051851
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.