22 Pierce DriveNovatoCA94947
Nearby investment properties with comparable rents
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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 22 Pierce Drive, Novato, CA, 94947 offers $4,665/mo rent that, after a $5,996/mo payment. Total monthly income is $4,665/mo. Return on cash invested measures 11.56% in year one, and rental yield stands at 4.57% at a $1,225,000 entry. Equity gained on principal adds $7,905/yr while 5% annual appreciation compounds into $338,445 by year five. Five-year ROI records 57.97% and total cumulative return in cash reaches $230,100. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,665/mo property income versus a $5,996/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.27 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: Dubie Breen • Golden Gate Sotheby's
Mls Name: BAREIS
Mls ID: #325085075