1824 Indian Valley RoadNovatoCA94947
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 1824 Indian Valley Road, Novato, CA, 94947 in Novato worth study. Rental yield 3.47%. The 3.47% gross yield is below cash-flow benchmarks at $1,095,000, but 5% annual appreciation, adding $302,528 over five years, frames this as a capital growth position. Rent of $3,168/mo partially offsets the $4,924/mo payment. Ziffy Mortgage finances appreciation-play properties (0.64 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $176,965.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.5% | 6.0% |
| Monthly Cash Flow | $(3,709) | $2,500 |
City averages based on Novato market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,168 |
| Total Monthly Debt Service | $6,441 |
| DSCR Ratio | 0.49x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1974
2.06 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
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
Single Family
Built in 1974
2.06 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Spiro Stratigos • Corcoran Icon Properties
Mls Name: BAREIS
Mls Provider:
Mls ID: #325048692
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.