524 Vera Cruz DriveNovatoCA94949
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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
Investment property for sale in Novato at 524 Vera Cruz Drive, Novato, CA, 94949 uses $134,258 cash to close to unlock $16,018/yr annual cash flow and $1,335/mo monthly cash flow. Total monthly income runs $3,840/mo, and a $1,982/mo payment keeps the spread at $1,335/mo. Purchase price stands at $405,000, and rental yield measures 11.38% with $3,840/mo rent. Return on cash invested shows 31.84% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 166.8% and total cumulative return in cash records $223,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,840/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Manufactured
Built in 1969
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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Listed by: Marty M Wickenheiser • Berkshire Hathaway
Mls Name: BAREIS
Mls Provider:
Mls ID: #325047106
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