1429 Elm DrNovatoCA94945
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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 1429 Elm Dr, Novato, CA, 94945 priced at $749,000 converts $4,454/mo rent into after a $3,666/mo obligation. Total monthly income equals $4,454/mo. Return on cash invested prints 15.42% in year one, and rental yield reads 7.14% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 80.08% and total cumulative return in cash sums $197,344. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,454/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Condo
Built in 1976
2,300 sqft lot
$N/A/sqft
$500 monthly 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: Cj Spielman • Coldwell Banker Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #325008518
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.