4 Bridle Path LaneNovatoCA94945
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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 4 Bridle Path Lane, Novato, CA, 94945 uses $160,778 cash to close to unlock $3,522/yr annual cash flow and $294/mo monthly cash flow. Total monthly income runs $3,294/mo, and a $2,374/mo payment keeps the spread at $294/mo. Purchase price stands at $485,000, and rental yield measures 8.15% with $3,294/mo rent. Return on cash invested shows 22.1% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 114.59% and total cumulative return in cash records $184,238. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,294/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Condo
Built in 1990
1,115 sqft 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: Jen Pennington • Coldwell Banker Realty
Mls Name: BAREIS
Mls ID: #325079248