36 Spinosa WayNovatoCA94945
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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 36 Spinosa Way, Novato, CA, 94945 priced at $1,169,700 converts $5,577/mo rent into after a $5,725/mo obligation. Total monthly income equals $5,577/mo. Return on cash invested prints 13.58% in year one, and rental yield reads 5.72% against a $1,169,700 entry. Equity gained on principal adds $7,548/yr, while 5% annual appreciation compiles into $323,167 by year five. Five-year ROI reaches 69.36% and total cumulative return in cash sums $262,850. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,577/mo property income covering a $5,725/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.25 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: N/A • N/A
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