581 Louis 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
Rental property for sale in Novato at 581 Louis Dr, Novato, CA, 94945 offers $3,893/mo rent that, after a $2,932/mo payment, leaves $187/mo cash flow. Total monthly income is $3,893/mo, and annual cash flow is $2,247/yr on $197,071 cash. Return on cash invested measures 21.2% in year one, and rental yield stands at 7.8% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 109.74% and total cumulative return in cash reaches $216,262. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,893/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
6,669 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: Clarence Chavis • Trust Properties USA, Inc.
Mls Name: MetroList Services of CA
Mls ID: #325081227