Residence Three Plan, VerandahNovatoCA94945
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines Residence Three Plan, Verandah, Novato, CA, 94945 in Novato: $7,776/mo in rent, $2,031/mo net, 10.05% gross yield, all on a $928,734 acquisition. The 1.86 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $256,592 in value, and $8,554/yr in principal paydown steadily builds equity. Projected total cumulative return: $482,848.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.0% |
| Monthly Cash Flow | $2,031 | $2,500 |
City averages based on Novato market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,776 |
| Total Monthly Debt Service | $5,376 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2024
N/A 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
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
Townhouse
Built in 2024
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices