43 Lauren AveNovatoCA94947
Nearby investment properties with comparable rents
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 43 Lauren Ave, Novato, CA, 94947 offers $8,251/mo rent that, after a $4,645/mo payment, leaves $2,380/mo cash flow. Total monthly income is $8,251/mo, and annual cash flow is $28,562/yr on $312,221 cash. Return on cash invested measures 29.21% in year one, and rental yield stands at 10.43% at a $949,000 entry. Equity gained on principal adds $6,124/yr while 5% annual appreciation compounds into $262,191 by year five. Five-year ROI records 152.68% and total cumulative return in cash reaches $476,700. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,251/mo property income versus a $4,645/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
8,277 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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Nearby investment properties with comparable prices
Listed by: Theresa Teuma • Legend Real Estate
Mls Name: BAREIS
Mls Provider:
Mls ID: #324059737
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.