306 Silvio LaneNovatoCA94947
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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
Investment Highlights
Rental property for sale in Novato at 306 Silvio Lane, Novato, CA, 94947 generates $3,769/mo in rent and, after a $2,692/mo payment, leaves $367/mo in cash flow. Total monthly income is $3,769/mo, and annual cash flow is $4,399/yr on $180,950 invested. Return on cash invested sits at 22.49% in year one, and rental yield is 8.22% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 116.66% and total cumulative return in cash sums $211,090. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,769/mo property income rather than buyer’s personal income.
Condo
Built in 1977
3,449 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94947, Novato, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,836 (100%) |
| Owner Occupied HU | 6,589 (67.0%) |
| Renter Occupied HU | 2,856 (29.0%) |
| Vacant Housing Units | 391 ( 4.0%) |
| Median Home Value | $1,067,170 |
| Average Home Value | $1,143,356 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
7,821
Multi-Family
1,747
Businesses
269
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Listed by: Katia Bidaurreta • Compass
Mls Name: BAREIS
Mls ID: #326005230