815 Las Palmas AveNovatoCA94949
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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 815 Las Palmas Ave, Novato, CA, 94949 generates $3,635/mo in rent and, after a $2,031/mo payment, leaves $1,068/mo in cash flow. Total monthly income is $3,635/mo, and annual cash flow is $12,815/yr on $137,573 invested. Return on cash invested sits at 29.22% in year one, and rental yield is 10.51% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 152.78% and total cumulative return in cash sums $210,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,635/mo property income rather than buyer’s personal income.
Manufactured
Built in 1971
N/A 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: Martha Moran • Coldwell Banker Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #325033901
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.