115 Oliva Court #ANovatoCA94947
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 115 Oliva Court #A, Novato, CA, 94947 priced at $599,000 pairs $4,309/mo rent with $603/mo cash flow after a $2,932/mo payment. Total monthly income equals $4,309/mo, and annual cash flow comes to $7,239/yr on $197,071 invested. Return on cash invested is 23.73% in year one, and rental yield stands at 8.63% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 123.33% and total cumulative return in cash reaches $243,046. For financing, Ziffy Mortgage’s DSCR program evaluates $4,309/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1974
801.50 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Naomi Thorne • Coldwell Banker Realty
Mls Name: BAREIS
Mls ID: #325072310