240 Seagull RowNovatoCA94945
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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 Novato at 240 Seagull Row, Novato, CA, 94945 with 5% annual appreciation on a $379,000 basis while $2,370/mo rent supports operations. Total monthly income totals $2,370/mo and a $1,855/mo payment preserves $25/mo for cash returns. Annual cash flow comes to $305/yr on $125,639 deployed, and return on cash invested reaches 20.15% in year one. Equity gained on principal adds $2,446/yr, and five-year appreciation sums $104,711 alongside rental yield of 7.5%. Five-year ROI measures 104.16% and total cumulative return in cash totals $130,871.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,370/mo property income versus a $1,855/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1989
622.91 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94945, Novato, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,336 (100%) |
| Owner Occupied HU | 4,942 (67.4%) |
| Renter Occupied HU | 2,110 (28.8%) |
| Vacant Housing Units | 284 ( 3.9%) |
| Median Home Value | $1,225,048 |
| Average Home Value | $1,276,766 |
Housing Distribution
Address Breakdown
Residential
7,025
Single Family
5,932
Multi-Family
1,093
Businesses
732
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Listed by: Hilary Thomas • Compass
Mls Name: BAREIS
Mls ID: #326005938