706 Tamalpais AveNovatoCA94947
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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 706 Tamalpais Ave, Novato, CA, 94947 priced at $775,000 pairs $6,185/mo rent with $1,391/mo cash flow after a $3,793/mo payment. Total monthly income equals $6,185/mo, and annual cash flow comes to $16,691/yr on $254,975 invested. Return on cash invested is 26.61% in year one, and rental yield stands at 9.58% on a $775,000 basis. Equity gained on principal adds $5,001/yr, and 5% annual appreciation accumulates to $214,118 by year five. Five-year ROI measures 138.71% and total cumulative return in cash reaches $353,671. For financing, Ziffy Mortgage’s DSCR program evaluates $6,185/mo property income against a $3,793/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
8,520 sqft 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: Bob Walker • GM Green Real Estate, Inc.
Mls Name: SFAR
Mls ID: #325067103