610 Eldridge CtNovatoCA94947
Nearby investment properties with comparable rents
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 610 Eldridge Ct, Novato, CA, 94947 generates $6,913/mo in rent and, after a $4,890/mo payment, leaves $89/mo in cash flow. Total monthly income is $6,913/mo, and annual cash flow is $1,069/yr on $328,671 invested. Return on cash invested sits at 20.39% in year one, and rental yield is 8.3% on a $999,000 entry. Equity gained on principal adds $6,446/yr, while 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 106.22% and total cumulative return in cash sums $349,118. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,913/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94947, Novato, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,836 (100%) |
| Owner Occupied HU | 6,589 (67.0%) |
| Renter Occupied HU | 2,856 (29.0%) |
| Vacant Housing Units | 391 ( 4.0%) |
| Median Home Value | $1,067,170 |
| Average Home Value | $1,143,356 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
7,821
Multi-Family
1,747
Businesses
269
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Listed by: Tom Benoit • Coldwell Banker Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #325005117
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.