199 Canal St APT 6San RafaelCA94901
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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
Investment property for sale in San Rafael at 199 Canal St APT 6, San Rafael, CA, 94901 uses $137,573 cash to close to unlock $5,780/yr annual cash flow and $482/mo monthly cash flow. Total monthly income runs $3,767/mo, and a $2,031/mo payment keeps the spread at $482/mo. Purchase price stands at $415,000, and rental yield measures 10.89% with $3,767/mo rent. Return on cash invested shows 24.11% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 127.65% and total cumulative return in cash records $175,605. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,767/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Condo
Built in 1961
1,263 sqft lot
$N/A/sqft
$600 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
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Listed by: Simon Mills • Mills Realty
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #325059078
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