53 Mather CtNovatoCA94949
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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 53 Mather Ct, Novato, CA, 94949 generates $7,825/mo in rent and, after a $3,030/mo payment, leaves $3,440/mo in cash flow. Total monthly income is $7,825/mo, and annual cash flow is $41,285/yr on $203,651 invested. Return on cash invested sits at 40.33% in year one, and rental yield is 15.17% on a $619,000 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation builds toward $171,018 over five years. Five-year ROI reaches 213.52% and total cumulative return in cash sums $434,833. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,825/mo property income rather than buyer’s personal income.
Condo
Built in 2003
1,067 sqft lot
$N/A/sqft
$374 monthly 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: Sandy Mahoney • The Madison Company
Mls Name: BAREIS
Mls Provider:
Mls ID: #324055791
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.