114 Aronia LaneNovatoCA94945
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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 114 Aronia Lane, Novato, CA, 94945 earns $813/mo cash flow from $4,834/mo rent with a $3,181/mo payment. Total monthly income totals $4,834/mo, and annual cash flow totals $9,761/yr on $213,850 capital. ROI tracks 24.62% on current figures, and rental yield reads 8.92% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 128.1% and total cumulative return in cash sums $273,938. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,834/mo property income instead of your personal income.
Condo
Built in 1979
1,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94945, Novato, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,336 (100%) |
| Owner Occupied HU | 4,942 (67.4%) |
| Renter Occupied HU | 2,110 (28.8%) |
| Vacant Housing Units | 284 ( 3.9%) |
| Median Home Value | $1,225,048 |
| Average Home Value | $1,276,766 |
Housing Distribution
Address Breakdown
Residential
7,025
Single Family
5,932
Multi-Family
1,093
Businesses
732
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Listed by: Tyler Stewart • Heath Real Estate
Mls Name: BAREIS
Mls ID: #325073334