16 Elegant Tern RoadNovatoCA94949
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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 Elegant Tern Road, Novato, CA, 94949 priced at $688,000 pairs $5,255/mo rent with $999/mo cash flow after a $3,367/mo payment. Total monthly income equals $5,255/mo, and annual cash flow comes to $11,992/yr on $226,352 invested. Return on cash invested is 25.36% in year one, and rental yield stands at 9.17% on a $688,000 basis. Equity gained on principal adds $4,440/yr, and 5% annual appreciation accumulates to $190,082 by year five. Five-year ROI measures 132.03% and total cumulative return in cash reaches $298,852. For financing, Ziffy Mortgage’s DSCR program evaluates $5,255/mo property income against a $3,367/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1979
1,955 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: Vince Sheehan • Marin's Finest
Mls Name: BAREIS
Mls ID: #325083056