1550 Center Road #43NovatoCA94947
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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 1550 Center Road #43, Novato, CA, 94947 generates $3,935/mo in rent and, after a $2,100/mo payment, leaves $732/mo in cash flow. Total monthly income is $3,935/mo, and annual cash flow is $8,787/yr on $142,214 invested. Return on cash invested sits at 26.09% in year one, and rental yield is 11.01% on a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 137.68% and total cumulative return in cash sums $195,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,935/mo property income rather than buyer’s personal income.
Condo
Built in 1975
439.96 sqft lot
$N/A/sqft
$525 monthly 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: Nicole Klionsky • Compass
Mls Name: BAREIS
Mls Provider:
Mls ID: #325047917
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.