48 Manzanita AvenueNovatoCA94945
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 48 Manzanita Avenue, Novato, CA, 94945 offers $4,320/mo rent that, after a $5,516/mo payment. Total monthly income is $4,320/mo. Return on cash invested measures 11.66% in year one, and rental yield stands at 4.6% at a $1,127,000 entry. Equity gained on principal adds $7,272/yr while 5% annual appreciation compounds into $311,369 by year five. Five-year ROI records 58.49% and total cumulative return in cash reaches $213,564. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,320/mo property income versus a $5,516/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
0.40 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: Mac Pourtabib • Coldwell Banker Realty
Mls Name: BAREIS
Mls ID: #325075285