504 Vera Cruz AvenueNovatoCA94949
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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 504 Vera Cruz Avenue, Novato, CA, 94949 offers $3,834/mo rent that, after a $1,904/mo payment, leaves $1,428/mo cash flow. Total monthly income is $3,834/mo, and annual cash flow is $17,130/yr on $128,954 cash. Return on cash invested measures 33.19% in year one, and rental yield stands at 11.83% at a $389,000 entry. Equity gained on principal adds $2,510/yr while 5% annual appreciation compounds into $107,474 by year five. Five-year ROI records 174.09% and total cumulative return in cash reaches $224,490. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,834/mo property income versus a $1,904/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94949, Novato, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,048 (100%) |
| Owner Occupied HU | 4,454 (63.2%) |
| Renter Occupied HU | 2,232 (31.7%) |
| Vacant Housing Units | 362 ( 5.1%) |
| Median Home Value | $1,084,906 |
| Average Home Value | $1,131,264 |
Housing Distribution
Address Breakdown
Residential
7,438
Single Family
6,628
Multi-Family
810
Businesses
847
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Nearby investment properties with comparable prices
Listed by: Marty M Wickenheiser • Berkshire Hathaway
Mls Name: BAREIS
Mls Provider:
Mls ID: #325076643
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