121 Cheda LnNovatoCA94947
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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 121 Cheda Ln, Novato, CA, 94947 priced at $550,000 converts $3,624/mo rent into $222/mo cash flow after a $2,692/mo obligation. Total monthly income equals $3,624/mo, and annual cash flow totals $2,659/yr on $180,950 invested. Return on cash invested prints 21.53% in year one, and rental yield reads 7.91% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 111.5% and total cumulative return in cash sums $201,766. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,624/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Condo
Built in 1977
3,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94947, Novato, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,836 (100%) |
| Owner Occupied HU | 6,589 (67.0%) |
| Renter Occupied HU | 2,856 (29.0%) |
| Vacant Housing Units | 391 ( 4.0%) |
| Median Home Value | $1,067,170 |
| Average Home Value | $1,143,356 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
7,821
Multi-Family
1,747
Businesses
269
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Listed by: Natalia Colmenero • Compass
Mls Name: SFAR
Mls ID: #325087271