199 Canal St APT 6San RafaelCA94901
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 199 Canal St APT 6, San Rafael, CA, 94901 in San Rafael. At $415,000 it earns $3,767/mo in rent and distributes $481/mo to the owner after the $1,866/mo payment, a consistent 10.89% yield. DSCR 2.02 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $114,657 in value; $3,822/yr in principal paydown compounds ownership stake. Total projected return: $191,487.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 5.5% |
| Monthly Cash Flow | $481 | $1,200 |
City averages based on San Rafael market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,767 |
| Total Monthly Debt Service | $3,120 |
| DSCR Ratio | 1.21x |
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
1,263 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
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
1,263 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Simon Mills • Mills Realty
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #325059078
Disclaimer: Every person who intends to view or use such MLS information agrees to Terms of Use that include the following terms and conditions:All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2025 MetroList Services, Inc. Information being provided by Metrolist Services, Inc. is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. [Click here for more information](/mls-disclaimers/#16)