16 California Condor WayNovatoCA94949
Nearby investment properties with comparable rents
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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 16 California Condor Way, Novato, CA, 94949 offers $4,634/mo rent that, after a $3,818/mo payment. Total monthly income is $4,634/mo. Return on cash invested measures 19.16% in year one, and rental yield stands at 7.13% at a $780,000 entry. Equity gained on principal adds $5,033/yr while 5% annual appreciation compounds into $215,500 by year five. Five-year ROI records 98.82% and total cumulative return in cash reaches $253,588. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,634/mo property income versus a $3,818/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1979
1,311 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: Kristie Martinelli Team • Coldwell Banker Realty
Mls Name: BAREIS
Mls ID: #325088967