270 Channing Way APT 1San RafaelCA94903
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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 270 Channing Way APT 1, San Rafael, CA, 94903 uses $148,844 cash to close to unlock $2,148/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $2,957/mo, and a $2,198/mo payment keeps the spread at $179/mo. Purchase price stands at $449,000, and rental yield measures 7.9% with $2,957/mo rent. Return on cash invested shows 21.35% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 110.6% and total cumulative return in cash records $164,620. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,957/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Condo
Built in 1989
749.23 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94903, San Rafael, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,861 (100%) |
| Owner Occupied HU | 8,180 (63.6%) |
| Renter Occupied HU | 4,010 (31.2%) |
| Vacant Housing Units | 671 ( 5.2%) |
| Median Home Value | $1,203,742 |
| Average Home Value | $1,243,118 |
Housing Distribution
Address Breakdown
Residential
12,444
Single Family
9,664
Multi-Family
2,780
Businesses
1,458
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Listed by: David Anderson • The Source Real Estate Company
Mls Name: SFAR
Mls ID: #325066677