1579 S Novato Blvd APT 109NovatoCA94947
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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
Investment property for sale in Novato at 1579 S Novato Blvd APT 109, Novato, CA, 94947 offers a 12.39% rental yield on a $569,000 purchase with $5,875/mo rent. Total monthly income registers $5,875/mo, and a $2,785/mo payment leaves $1,518/mo available for distribution. Annual cash flow reaches $18,220/yr on $187,201 to close, and return on cash invested stands at 29.79% in year one. Equity gained on principal adds $3,672/yr while 5% annual appreciation supports $157,204 over five years. Portfolio math shows five-year ROI at 157.77% and total cumulative return in cash at $295,343. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,875/mo property income against a $2,785/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
1,221 sqft lot
$N/A/sqft
$556 monthly 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: Pat Kelly • Berkshire Hathaway
Mls Name: BAREIS
Mls Provider:
Mls ID: #324023671
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.