15 Gardner CourtNovatoCA94949
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 15 Gardner Court, Novato, CA, 94949 offers $4,739/mo rent that, after a $2,932/mo payment, leaves $103/mo cash flow. Total monthly income is $4,739/mo, and annual cash flow is $1,237/yr on $197,071 cash. Return on cash invested measures 20.69% in year one, and rental yield stands at 9.49% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 109.06% and total cumulative return in cash reaches $214,918. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,739/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2005
779.72 sqft lot
$N/A/sqft
$444 monthly 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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Nearby investment properties with comparable prices
Listed by: Sandy Mahoney • The Madison Company
Mls Name: BAREIS
Mls Provider:
Mls ID: #325066723
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