12 Velasco CtNovatoCA94949
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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 Novato at 12 Velasco Ct, Novato, CA, 94949 priced at $635,000 converts $4,067/mo rent into $139/mo cash flow after a $3,108/mo obligation. Total monthly income equals $4,067/mo, and annual cash flow totals $1,665/yr on $208,915 invested. Return on cash invested prints 20.86% in year one, and rental yield reads 7.69% against a $635,000 entry. Equity gained on principal adds $4,098/yr, while 5% annual appreciation compiles into $175,439 by year five. Five-year ROI reaches 107.89% and total cumulative return in cash sums $225,392. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,067/mo property income covering a $3,108/mo payment, not borrower’s personal income.
Single Family
Built in 1974
1,498 sqft 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: Ian Bartholomew • PMZ Real Estate
Mls Name: MetroList Services of CA
Mls ID: #325092712