700 Samoa LnNovatoCA94947
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 700 Samoa Ln, Novato, CA, 94947 generates $4,124/mo in rent and, after a $2,643/mo payment, leaves $289/mo in cash flow. Total monthly income is $4,124/mo, and annual cash flow is $3,462/yr on $177,660 invested. Return on cash invested sits at 22.01% in year one, and rental yield is 9.16% on a $539,999 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation builds toward $149,192 over five years. Five-year ROI reaches 115.28% and total cumulative return in cash sums $204,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,124/mo property income rather than buyer’s personal income.
Condo
Built in 1973
4,299 sqft lot
$N/A/sqft
$495 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Soberano • Paul Soberano, Broker
Mls Name: SFAR
Mls Provider:
Mls ID: #325046644
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.