2537 Topaz DrNovatoCA94945
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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 2537 Topaz Dr, Novato, CA, 94945 generates $9,401/mo in rent and, after a $6,192/mo payment, leaves $1,256/mo in cash flow. Total monthly income is $9,401/mo, and annual cash flow is $15,073/yr on $409,860 invested. Return on cash invested sits at 24.05% in year one, and rental yield is 8.92% on a $1,265,000 entry. Equity gained on principal adds $8,163/yr, while 5% annual appreciation builds toward $349,496 over five years. Five-year ROI reaches 125.28% and total cumulative return in cash sums $513,475. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,401/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
9,540 sqft lot
$N/A/sqft
$67 monthly 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: Julie A. Clark • NOVO
Mls Name: SFAR
Mls Provider:
Mls ID: #324060530
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.