344 School RdNovatoCA94945
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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 344 School Rd, Novato, CA, 94945 earns from $10,030/mo rent with a $8,560/mo payment. Total monthly income totals $10,030/mo. ROI tracks 18.7% on current figures, and rental yield reads 6.88% at a $1,749,000 purchase. Equity gained on principal adds $11,286/yr, and 5% annual appreciation supports $483,216 over five years. Five-year ROI reaches 96.24% and total cumulative return in cash sums $545,395. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $10,030/mo property income instead of your personal income.
Multi Family
Built in 2012
1.60 Acres 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: Jeff G Sterley • Compass
Mls Name: BAREIS
Mls Provider:
Mls ID: #324043592
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.