199 Canal St APT 4San RafaelCA94901
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 199 Canal St APT 4, San Rafael, CA, 94901 in San Rafael: $3,457/mo in rent, $258/mo in net income, 10.2% gross yield, 1.89 DSCR, all at $406,800. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $112,391 in appreciation and $3,747/yr in principal paydown projects total cumulative return of $173,819.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 5.5% |
| Monthly Cash Flow | $258 | $1,200 |
City averages based on San Rafael market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,457 |
| Total Monthly Debt Service | $3,038 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1961
1,219 sqft lot
$N/A/sqft
$495 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94901, San Rafael, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,054 (100%) |
| Owner Occupied HU | 7,639 (44.8%) |
| Renter Occupied HU | 8,426 (49.4%) |
| Vacant Housing Units | 989 ( 5.8%) |
| Median Home Value | $1,440,116 |
| Average Home Value | $1,499,360 |
Housing Distribution
Address Breakdown
Residential
16,003
Single Family
11,126
Multi-Family
4,877
Businesses
2,707
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
Condo
Built in 1961
1,219 sqft lot
$N/A/sqft
$495 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94901, San Rafael, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,054 (100%) |
| Owner Occupied HU | 7,639 (44.8%) |
| Renter Occupied HU | 8,426 (49.4%) |
| Vacant Housing Units | 989 ( 5.8%) |
| Median Home Value | $1,440,116 |
| Average Home Value | $1,499,360 |
Housing Distribution
Address Breakdown
Residential
16,003
Single Family
11,126
Multi-Family
4,877
Businesses
2,707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A