11 Gothic DrNovatoCA94947
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
Investment property for sale in Novato at 11 Gothic Dr, Novato, CA, 94947 earns $1,754/mo cash flow from $8,354/mo rent with a $5,036/mo payment. Total monthly income totals $8,354/mo, and annual cash flow totals $21,047/yr on $333,396 capital. ROI tracks 26.68% on current figures, and rental yield reads 9.74% at a $1,029,000 purchase. Equity gained on principal adds $6,640/yr, and 5% annual appreciation supports $284,294 over five years. Five-year ROI reaches 139.36% and total cumulative return in cash sums $464,628. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $8,354/mo property income instead of your personal income.
Single Family
Built in 1961
9,121 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: George B De Salvo • Compass
Mls Name: BAREIS
Mls Provider:
Mls ID: #324055571
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.