37 Mendocino Ln, Novato, CA, 94947 | $1,965/mo Cash Flow

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Novato at 37 Mendocino Ln, Novato, CA, 94947 priced at $1,399,000 converts $11,368/mo rent into $1,965/mo cash flow after a $6,847/mo obligation. Total monthly income equals $11,368/mo, and annual cash flow totals $23,586/yr on $453,276 invested. Return on cash invested prints 25.57% in year one, and rental yield reads 9.75% against a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation compiles into $386,518 by year five. Five-year ROI reaches 133.83% and total cumulative return in cash sums $606,641. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $11,368/mo property income covering a $6,847/mo payment, not borrower’s personal income.

Single Family

Built in 1962

0.31 Acres 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