508 San Marin DrNovatoCA94945
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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 508 San Marin Dr, Novato, CA, 94945 offers a 5.47% rental yield on a $1,395,000 purchase with $6,360/mo rent. 34% in year one. Equity gained on principal adds $9,002/yr while 5% annual appreciation supports $385,413 over five years. Portfolio math shows five-year ROI at 72.9% and total cumulative return in cash at $329,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,360/mo property income against a $6,828/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
8,276 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: Andrea West • Exp Realty Of California
Mls Name: Bay East AOR
Mls ID: #41115829