58 Hector LaneNovatoCA94949
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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
Rental property for sale in Novato at 58 Hector Lane, Novato, CA, 94949 priced at $500,000 converts $3,628/mo rent into $535/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,628/mo, and annual cash flow totals $6,422/yr on $165,750 invested. Return on cash invested prints 23.78% in year one, and rental yield reads 8.71% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 123.62% and total cumulative return in cash sums $204,908. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,628/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Condo
Built in 1986
901.69 sqft 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: Erika Mehrer • Compass
Mls Name: BAREIS
Mls ID: #325075993