14 W Brooke DrNovatoCA94947
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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 14 W Brooke Dr, Novato, CA, 94947 generates $10,500/mo in rent, after a $9,295/mo payment. Total monthly income is $10,500/mo. Return on cash invested sits at 17.44% in year one, and rental yield is 6.64% on a $1,899,000 entry. Equity gained on principal adds $12,254/yr, while 5% annual appreciation builds toward $524,659 over five years. Five-year ROI reaches 89.66% and total cumulative return in cash sums $551,653. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $10,500/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
0.48 Acres 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: William Byrd • RE/MAX Gold
Mls Name: BAREIS
Mls Provider:
Mls ID: #324055804
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.